Using property-level ratio studies for the incorporation of validation models in single-family residential real estate assessment

Authors

L. D. Hermans
P. E. Bidanset
P. T. Davis
M. J. McCord

Abstract

This paper proposes a new methodology to compare the results of automated valuation models by identifying nine scenarios that could occur between the model findings. To test the proposed methodology, the automated valuation models are created using different statistical approaches. The models and the methodology are applied to two Dutch municipalities.

Keywords

Automated valuation model (AVM) - Netherlands; Assessment sales ratio studies - Netherlands

Recommended Citation

Hermans, L. D., Bidanset, P. E., Davis, P. T., & McCord, M. J. (2022). Using property-level ratio studies for the incorporation of validation models in single-family residential real estate assessment. Journal of Property Tax Assessment & Administration, 19(1). Retrieved from https://researchexchange.iaao.org/jptaa/vol19/iss1/3