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Accuracy of the 2001 Valuation Roll for Greater Johannesburg

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  • Valmond Ghyoot

Abstract

The study investigates the accuracy of mass valuations for the purpose of levying assessment rates (land taxes) in one metropolitan council of South Africa. The sample frame is the Valuation Roll for greater Johannesburg, which was prepared in January 2001 and is still current. The sample frame contains 509705 records. Those properties that were sold in the period immediately preceding the valuation date and in the period immediately following the valuation date are selected and actual selling prices are compared with the valuation. Conclusions on accuracy of the Johannesburg Valuation Roll are drawn.

Suggested Citation

  • Valmond Ghyoot, 2007. "Accuracy of the 2001 Valuation Roll for Greater Johannesburg," ERES eres2007_381, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2007_381
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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