The use of standard price points in mass appraisal of housing land: A case study
Risto Peltola, Pauliina Krigsholm, Mikko Korpela
This presentation is about producing standard land value maps in an automated way. The idea is to pro-ceed from price datasets to standard land value maps stepwise. The critical steps are land price models, estimating land prices based on single and multifamily building prices or values, and finally producing the land value maps manually or automatically. Finland is among those rather few countries where higher rates are applied to land than structures in prop-erty taxation. As the valuation methods used in our country are more than 20 years old, and the valuation itself almost as old, the methods and the valuation itself are in urgent need of updating. A new system of valuation was ordered by the Ministry of Finance, and it has now been developed.
Event: Land Governance in an Interconnected World_Annual World Bank Conference on Land and Poverty_2018
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