Automated valuation models by model-building practitioners: An attempt by Japanese practitioners

Authors

Takashi Yamamoto, Japan Real Estate Institute
Kazuhiko Fujiki, Japan Real Estate Institute

Abstract

In this paper, we first explain the process of land assessment in Japan and compare it with the North American practice. Then, utilizing our experience, we deal with examination of data, neighborhood analysis, model specification, and ratio studies. Finally, we present our thoughts on how this project could contribute to the improvement of Japanese mass appraisal practice.

First Page

41

Last Page

49

Keywords

Data processing in assessment, Mass appraisal techniques

Recommended Citation

Yamamoto, T., & Fujiki, K. (2008). Automated valuation models by model-building practitioners: An attempt by Japanese practitioners. Journal of Property Tax Assessment & Administration, 5(2), 41-49. Retrieved from https://researchexchange.iaao.org/jptaa/vol5/iss2/4