Ebook: Mass appraisal methods : an international perspective for property valuers

Contributors. Foreword. Preface. Abbreviations. 1 Introduction: Suitability Issues in Mass Appraisal Methodology (Tom Kauko and Maurizio d'Amato). PART I MASS APPRAISAL PRACTICE AND RECOMMENDATIONS. 2 Data Issues Involved with the Application of Automated Valuation Methods: A Case Study (John F. Thompson, Jr). 3 The Modified Comparable Sales Method as the Basis for a Property Tax Valuations System and its Relationship and Comparison to Spatially Autoregressive Valuation Models (Richard A. Borst and William J. McCluskey). 4 Automated Valuation in the Dutch Housing Market: The Web-Application 'MarktPositie' Used by NVM-Realtors (Dree Op 't Veld, Emma Bijlsma and Paulien van de Hoef). 5 Using Fuzzy Numbers in Mass Appraisal: The Case of the Belarusian Property Market (Maurizio d'Amato and Nikolai Siniak). PART II CURRENT ADVANCED METHODS. 6 Mass Appraisal, Hedonic Price Modelling and Urban Externalities: Understanding Property Value Shaping Processes (Francois Des Rosiers and Marius Theriault). 7 Residuals Analysis for Constructing 'More Real' Property Value (Malgorzata Renigier). 8 The Hierarchical Trend Model (Marc K. Francke). PART III EMERGING METHODS. 9 Developing Mass Appraisal Models with Fuzzy Systems (Marco Aurelio Stumpf Gonzalez). 10 Utterly Unorthodox Modelling for the Purposes of Mass Appraisal: An Approach Based on Patterns and Judgments (Tom Kauko). 11 Rough Set Theory as Property Valuation Methodology: The Whole Story (Maurizio d'Amato). PART IV COMPARISON OF TOOLS USING A SET OF SPECIFIC CRITERIA. 12 Technical Comparison of the Methods Including Formal Testing of Accuracy and Other Modelling Performance Using Own Data Sets and Multiple Regression Analysis (Richard A. Borst, Francois Des Rosiers, Malgorzata Renigier, Marco Aurelio Stumpf Gonzalez, Tom Kauko and Maurizio d'Amato). 13 Property Market Classification and Mass Appraisal Methodology (Maurizio d'Amato and Tom Kauko). PART V CONCLUSION. 14 Automated Valuation Methods, Empirical Modelling of Value, and Systems for Market Analysis (Tom Kauko). Glossary. Index