A Feedback Model for Automated Real Estate Assessment
AbstractPressing changes are needed in the administration of real estate taxation that will not only ensure that all properties be assessed accurately and equitably, but will enable taxpayers to perceive that they are being treated fairly. In this paper, we examine what properties an automated mass appraisal system should exhibit so as to meet efficacy, equity and public acceptability criteria. A new automated system designed on the basis of these properties which utilizes feedback control and pattern recognition concepts is presented. Results of an empirical study using Pittsburgh data supports the feasibility of the proposed system.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by INFORMS in its journal Management Science.
Volume (Year): 24 (1977)
Issue (Month): 3 (November)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Rosenfield, Donald B., 1947-, 1985. "Framework for predicting frequencies of events," Working papers 1662-85., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Timothy P. Cronan & Donald R. Epley & Larry G. Perry, 1986. "The Use of Rank Transformation and Multiple Regression Analysis in Estimating Residential Property Values With A Small Sample," Journal of Real Estate Research, American Real Estate Society, vol. 1(1), pages 19-31.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mirko Janc).
If references are entirely missing, you can add them using this form.