Developing an efficient property valuation system using the LADM valuation information model: A Croatian case study

Tomić, Hrvoje; Ivić, Siniša Mastelić; Roić, Miodrag; Šiško, Josip

doi:10.1016/j.landusepol.2021.105368

Cited by 22 publications

(13 citation statements)

References 12 publications

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“…In our previous research papers (Roić et al, 2017;Tomić et al, 2018Tomić et al, , 2021 we used schema matching to identify matching classes and attributes of current standards and norms against identified classes and attributes identified in current Croatian authoritative land and other public registries. The analysis showed that in the case of the building registration there are relatively large number of attributes necessary for the assessment which are not recorded in any of key registers.…”

Section: Discussionmentioning

confidence: 99%

A Case Study of 3d Ownership Rights Registration as a Basis of Smart Urban Governance

Tomić

Vucic²,

Vranic³

et al. 2022

Int. Arch. Photogramm. Remote Sens. Spatial Inf. Sci.

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Abstract. The Land Administration System (LAS) is of strategic importance to any country. Effective modern LAS should facilitate land management as an important instrument for the implementation of land policy contributing to comprehensive and sustainable land governance. The infrastructure needed to support increasingly complex requirements or urban space management based on three-dimensional register of rights would bring substantial improvement, especially for management of complex 3D situations. Modern cities are increasingly deploying different types of infrastructure under/on/above ground. The Republic of Croatia decided to establish the Register of Buildings, a transitional register combining data about buildings from existing registers towards the 3D cadastre. The transformation from 2D to 3D LAS should follow international standards, firstly the Land Administration Domain Model (LADM): ISO 19152:2012 but also other ISO and OGC standards. This study analyses the possible re-use of cadastral 3D datasets in smart urban governance procedures, the case of public purpose property valuation. To our opinion the establishment of a 3D LAS should facilitate and enable efficient and sustainable management of urban spaces.The prototype of 3D LAS, based on LADM conceptual model and its extensions, should enable efficient integration of 3D ownership rights register with the data from other domains - other key registers, taxation, and valuation data (property market data) and other sources of linked data. In this paper, the case study is used to assess the current practice of registration of buildings and their particular parts and analyse the differences between different implementation of 3D partitioned parts.

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Section: Discussionmentioning

confidence: 99%

A Case Study of 3d Ownership Rights Registration as a Basis of Smart Urban Governance

Tomić

Vucic²,

Vranic³

et al. 2022

Int. Arch. Photogramm. Remote Sens. Spatial Inf. Sci.

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“…Integrasi data merupakan hal penting dalam rangka pertukaran informasi spasial karena dapat dengan mudah diakses oleh pihak-pihak yang berkepentingan. Integrasi penilaian tanah antar lembaga digunakan sebagai dasar penentuan pajak tanah dan properti untuk daerah masih sangat bervariasi (Renigier-Bilozor et all, 2021 ;Tomi et al, 2021).…”

Section: Kelembagaanunclassified

Literature Review: Pengaruh Administrasi Pertanahan dalam Penilaian Tanah

Deviantari

Djurdjani²

2023

Geoid

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Sistem Administrasi Pertanahan dalam suatu negara dapat menentukan infrastruktur dalam mengimplementasi kebijakan pertanahan dan strategi pengelolaan pertanahan. Pentingnya tanah sebagai faktor produksi dan bahan untuk pembangunan menyoroti peran administrasi tanah dalam pembangunan ekonomi suatu negara. Pajak tanah merupakan instrumen yang dapat memberikan manfaat untuk pembangunan perkotaan. Dalam menentukan pajak tanah harus memadai, efisien dan adil. Permasalahan perpajakan properti adalah dalam pengenaan pajak properti yang dinilai terlalu rendah, dan pemungutan pajaknya yang kurang baik. Permasalahan tersebut akibat dari administrasi pertanahan yang tidak efisien, yaitu kurangnya transparansi informasi pertanahan. Tujuan dalam makalah adalah kajian literatur review mengenai pengaruh administrasi tanah dalam penilaian tanah di Indonesia. Dalam evaluasi administrasi tanah dalam penilaian tanah di Indonesia berdasarkan kelembagaan, hak atas tanah dan properti, penilaian tanah dan properti, kriteria penentuan pajak tanah. Dari hasil kajian dapat disimpulkan bahwa perlu adanya perangkat untuk standarisasi dan integrasi data, dalam hal ini adalah ISO 19110. Dan dalam proses penentuan pajak tanah dapat di kombinasikan dengan pemodelan yang dapat digunakan untuk memprediksi nilai pajak tanah dan properti serta melakukan otomatisasi dalam perhitungan NJOP.

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“…The most linear ("best" as defined by Zaric) quality score for comparable 𝑗 (i.e., 𝑞𝑠 𝑗 ) in [2] can be obtained by defining the weight 𝑤 𝑖 of characteristic 𝑖 as:…”

Section: Lemmamentioning

confidence: 99%

“…Property (real estate) valuation methods have been studied extensively worldwide, and researchers from various countries have published their results recently [1][2][3]. From a practitioner's standpoint, there are five classifications of valuation methods: comparable, investment, profit, depreciated replacement, and residual methods [4].…”

Section: Introductionmentioning

confidence: 99%

On the Weights for Characteristics and Comparables for Property Valuation using Quality Rating Valuation Estimation

Agustin

Soewandi

Widjojo³

2023

ced

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This study considers the problem of finding weights for building characteristics and compares buildings in property valuation to provide a more rigorous analytical foundation for a simple yet practical valuation technique knowns as Quality Rating Valuation Estimation (QRVE). Mathematically, we prove that the “best” characteristic weights can be obtained from Multiple Linear Regression Analysis (MRA) coefficients. Furthermore, by applying the Gower Similarity index and the Partition Around Medoid (PAM) clustering technique, the proposed algorithm provides an appropriate similarity of the weighing of compared buildings. The case studies illustrate a way to select a subset of characteristics when there are many of them with two numerical examples, as well as a complete modification of QRVE in conjunction with the grid adjustment technique. The modified QRVE proposal results in a very reasonable and high valuation performance of the building value estimate.

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Developing an efficient property valuation system using the LADM valuation information model: A Croatian case study

Cited by 22 publications

References 12 publications

A Case Study of 3d Ownership Rights Registration as a Basis of Smart Urban Governance

A Case Study of 3d Ownership Rights Registration as a Basis of Smart Urban Governance

Literature Review: Pengaruh Administrasi Pertanahan dalam Penilaian Tanah

On the Weights for Characteristics and Comparables for Property Valuation using Quality Rating Valuation Estimation

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