Folia Oeconomica Stetinensia (Dec 2019)

Statistical Relations of the Qualitative Attributes of Real Properties Subject to Mass Appraisal

  • Dmytrów Krzysztof,
  • Gdakowicz Anna,
  • Putek-Szeląg Ewa

DOI
https://doi.org/10.2478/foli-2019-0011
Journal volume & issue
Vol. 19, no. 2
pp. 25 – 37

Abstract

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Research background: Every real estate may be described with a multitude of attributes. In the process of real estate appraisal only those properties are taken into account that significantly affect its value. Mass appraisal involves a simultaneous valuation of many similar real properties, carried out in the same manner and at the same time. The algorithm applied to mass appraisal ought to ensure a uniform approach to the valuation of all real estate of the same type in an objective fashion.

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