Mass appraisal models of real estate in the 21st century
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By d wang · 2019 · cited by 43 — approach, the income approach and the cost approach [5]. ... appraisal, mass valuation, real estate appraisal and property valuation.
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sustainabilityReviewMassAppraisalModelsofRealEstateinthe21stCentury:ASystematicLiteratureReviewDaikunWang1andVictorJingLi1,2,*1DepartmentofGeographyandResourceManagement,TheChineseUniversityofHongKong,Shatin,NewTerritories999077,HongKong;[email protected],TheChineseUniversityofHongKong,Shatin,NewTerritories999077,HongKong*Correspondence:[email protected];Tel.:+852-3943-6537Received:31October2019;Accepted:6December2019;Published:8December2019Abstract:Withtheincreasingvolumeandactivetransactionofrealestateproperties,massappraisalhasbeenwidelyadoptedinmanycountriesfordifferentpurposes,includingassessmentofpropertytax.Inthispaper,104papersareselectedforthesystematicliteraturereviewofmassappraisalmodelsandmethodsfrom2000to2018.Thereviewfocusesontheapplicationtrendandclassificationofmassappraisalandhighlightsa3I-trend,namelyAI-Basedmodel,GIS-BasedmodelandMIX-Basedmodel.Thecharacteristicsofdifferentmassappraisalmodelsareanalyzedandcompared.Fin...
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