This paper presents a game theoretic model of property tax assessment that allows a tax appraiser to either choose a high or a low assessment. The owner either accepts or challenges this assessment. A 'fixed effects' regression model is used to evaluate the differences in the assessed values of...

This is a classic practitioner's handbook for surveyors involved in the appraisal of residential property for lending purposes. Thus, it will focus on the distinct professional roles required by Mortgage Valuations (MVs) amd Home Buyers Surveys

House prices often exhibit serial correlation and mean reversion. Using two large panel datasets, this paper analyzes the price dynamics in two significantly different types of markets, cyclical (or volatile) and non-cyclical (or tame), by applying the autoregressive mean reversion (ARMR) model....