Mass appraisal : the method and an experience in Lithuania
Bagdonavicius, Arvydas & Steponas Deveikis
The mass appraisal or mass valuation is very important in the property administration and the real property cadastre and register system. The specialists of the State Enterprise Centre of Registers commenced preparatory activities regarding the implementation of mass valuation system for land and other real property from 1998. OECD and Lincoln Institute of Land Policy (USA) provided much support in this field. Mass land valuation has been performed in Lithuania since 2001, and we have already discussed this issue in previous FIG conferences. Some years ago Lithuania has started the development of mass valuation system, that was unambiguously associated with the intended introduction of a market value based real property tax. Favourable political decisions, a modern real property cadastre and register system with its adequate institutional structure enabled to develop a mass valuation system of land and constructions. Flexible mass valuation system allows yearly update of value maps at low costs, makes valuation results accessible to the public and use for different needs in the public and private sectors. The analysis of some years of experience shows that the appearance of mass valuation system of land and construction structures, which was originally associated only with the real property tax reform, stimulated the interest of the society, public and municipal institutions in values estimated by mass valuation approach. Previously they had to use either expensive services offered by independent valuers or to be content with the cadastral values that were far from being actual ones. Mass valuation allows estimating average market values that are cheap to calculate and accurate enough for certain purposes.
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