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TuÄŸba GÃœNEÅž and Ãœmit YILDIZ, Turkey
SUMMARY
This is a summary on the paper on mass valuation techniques used in Property Valuation component of Land Registry and Cadastre Modernization Project conducted by General directorate of Land Registry and Cadastre (TKGM) with the support of International Bank for Reconstruction and Development in Turkey.One of the objects of the property valuation component is to carry out a “mass property valuation†pilot implementation in two municipalities with taxation purpose.
Mass valuation is as “Mass appraisal is the process of valuing a group of properties as of a given date and using common data, standardized methods, and statistical testing†by the International Association of Assessing Officers (IAAO). In this study it is explained that three different methods are used for mass valuation in chosen two pilot areas, Fatih/Istanbul and Mamak/Ankara. These methods are Multiple Regression Analysis, Artificial Neural Networks and Decision Trees.
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