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Developing an efficient property valuation system using the LADM valuation information model: A Croatian case study

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  • Tomić, Hrvoje
  • Ivić, Siniša Mastelić
  • Roić, Miodrag
  • Šiško, Josip

Abstract

Property valuation is an important part of an efficient Land Administration System (LAS). To conduct fair and correct assessments, accessing accurate and up-to-date information for each property unit is vital. A collaborative research initiative has proposed an international Valuation Information Model Package that extends the ISO 19152:2012 Land Administration Domain Model (LADM) for specifying the semantics of valuation registries maintained by public authorities. The aim of this paper is to assess the possibility of using existing authoritative land and other public registries data as a basis of mass property valuation for public purposes. The results indicate that some of the required data already exists but is divided across different key registers. As a step towards implementation, identified attributes and parties were modelled using UML use case and class diagrams to explore possible data integration. By applying the proposed real property classification and valuation indicators, the Croatian property valuation system prototype for public purposes can be developed.

Suggested Citation

  • Tomić, Hrvoje & Ivić, Siniša Mastelić & Roić, Miodrag & Šiško, Josip, 2021. "Developing an efficient property valuation system using the LADM valuation information model: A Croatian case study," Land Use Policy, Elsevier, vol. 104(C).
    • Handle: RePEc:eee:lauspo:v:104:y:2021:i:c:s0264837721000910
    DOI: 10.1016/j.landusepol.2021.105368
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    References listed on IDEAS

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    1. Indrajit, Agung & van Loenen, Bastiaan & Ploeger, Hendrik & van Oosterom, Peter, 2020. "Developing a spatial planning information package in ISO 19152 land administration domain model," Land Use Policy, Elsevier, vol. 98(C).
    2. Zhongguo Xu & Yuefei Zhuo & Guan Li & Rong Liao & Cifang Wu, 2019. "Towards a Valuation and Taxation Information Model for Chinese Rural Collective Construction Land," Sustainability, MDPI, vol. 11(23), pages 1-21, November.
    3. Michael Doumpos & Dimitrios Papastamos & Dimitrios Andritsos & Constantin Zopounidis, 2020. "Developing automated valuation models for estimating property values: a comparison of global and locally weighted approaches," Post-Print hal-02880099, HAL.
    4. Kara, Abdullah & van Oosterom, Peter & Çağdaş, Volkan & Işıkdağ, Ümit & Lemmen, Christiaan, 2020. "3 Dimensional data research for property valuation in the context of the LADM Valuation Information Model," Land Use Policy, Elsevier, vol. 98(C).
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    Citations

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    Cited by:

    1. Muhammad Sheraz Ahsan & Ejaz Hussain & Zahir Ali & Jaap Zevenbergen & Salman Atif & Mila Koeva & Abdul Waheed, 2023. "Assessing the Status and Challenges of Urban Land Administration Systems Using Framework for Effective Land Administration (FELA): A Case Study in Pakistan," Land, MDPI, vol. 12(8), pages 1-27, August.
    2. Radulović, Aleksandra & Sladić, Dubravka & Govedarica, Miro & Raičević, Dušan, 2023. "Using LADM and BIM for property and tourist taxation in the municipality of Bar, Montenegro," Land Use Policy, Elsevier, vol. 131(C).
    3. Munkhbaatar Buuveibaatar & Kangjae Lee & Wonhee Lee, 2023. "Developing an LADM Valuation Information Model for Mongolia," Land, MDPI, vol. 12(4), pages 1-21, April.
    4. van Oosterom, Peter & Unger, Eva-Maria & Lemmen, Christiaan, 2022. "The second themed article collection on the land administration domain model (LADM)," Land Use Policy, Elsevier, vol. 120(C).
    5. Ela Ertunç & Zlatica Muchová & Hrvoje Tomić & Jaroslaw Janus, 2022. "Legal, Procedural and Social Aspects of Land Valuation in Land Consolidation: A Comparative Study for Selected Central and Eastern Europe Countries and Turkey," Land, MDPI, vol. 11(5), pages 1-22, April.
    6. Kara, Abdullah & van Oosterom, Peter & Kathmann, Ruud & Lemmen, Christiaan, 2023. "Visualisation and dissemination of 3D valuation units and groups – An LADM valuation information compliant prototype," Land Use Policy, Elsevier, vol. 132(C).

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