This article evaluates the potential of additive and multiplicative multiple regression modeling (MRA) to produce sales approach values using commercial properties in the City of Chicago. The results indicate that models can be developed that successfully produce reliable values for property tax purposes.
Valuation of commercial property, MRA in assessment
Farris, S. (2010). Modeling commercial property values using the sales comparison approach. Journal of Property Tax Assessment & Administration, 7(2), 49-57. Retrieved from https://researchexchange.iaao.org/jptaa/vol7/iss2/5