This paper addresses uncertainty in valuations in relation to the issues raised by the <italic>Mallinson Report</italic>. It shows that valuers have approximately 1 chance in 10 of achieving values within +/- 5% of the mean value. This improves to 1 in 5 if the range is increased to +/- 10%. These figures are,...

This paper addresses the question of valuation smoothing at the individual property level. Using a sample of 30 properties with monthly valuations over the period December 1986 to October 1995, the average profile of monthly smoothing parameters is found to be non-constant. Comparing the average...