Abstract
Mass appraisal or computer assisted mass appraisal (CAMA) are terms that tend to apply to the valuation of real property for property tax purposes. This chapter first provides a brief introduction to the concept of CAMA. Then, it offers a detailed review of the main concepts in CAMA. Next, the chapter examines the main CAMA techniques used, followed by a discussion on a multiple regression analysis (MRA) case study. It outlines some of the main modelling paradigms which have been developed in terms of the appraisal of property for property tax purposes. A number of studies report the use of advanced modelling techniques as part of the method used to model the influence of location. These methods include hierarchical and random coefficient models, models with spatially varying parameters and spatial autocorrelation model
Original language | English |
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Title of host publication | A Primer on Property Tax: Administration and Policy |
Publisher | Blackwell |
Pages | 307-338 |
Number of pages | 32 |
ISBN (Electronic) | 9781118454343 |
ISBN (Print) | 9781405126496 |
DOIs | |
Publication status | Published - 1 Nov 2012 |
Externally published | Yes |
Keywords
- Artificial neural networks
- Automated valuation models
- CAMA
- Geographically weighted regression
- Horizontal and vertical equity
- Mass appraisal
- Multiple regression analysis
- Performance standards
ASJC Scopus subject areas
- Business, Management and Accounting(all)