This article uses data from the province of Ontario to explore four different price adjustment methods for making residential property values comparable based on the same valuation date. The quality of the adjustment results is then evaluated by comparing the adjusted values to the provincial benchmarked values. Conclusions are drawn from the comparative analysis, and reconciliation among the four methods is recommended.
Su, Y. S. (2010). Adjusting prices on residential assessment values for the purpose of federal equalization. Journal of Property Tax Assessment & Administration, 7(2), 35-47. Retrieved from https://researchexchange.iaao.org/jptaa/vol7/iss2/4