Research Paper. The predictive use of GIS to model property valuations |
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| Authors: | Paul Longley Gary Higgs David Martin |
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| Institution: | 1. Department of Geography , University of Bristol , University Road, Bristol, BS8 1SS, United Kingdom;2. Department of Geography , University of Bristol , University Road, Bristol, BS8 1SS, United Kingdom;3. Department of City and Regional Planning , University of Cardiff , Colum Drive, Cardiff, CF1 3YN, United Kingdom;4. Department of Geography , University of Southampton, Highfield , Southampton, SO9 5NH, United Kingdom |
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| Abstract: | Abstract GIS is a technology which is ideally suited to analysis of the market values of properties, since such values are based upon spatial comparisons as well as individual property attributes. Great Britain now has a new mechanism of local taxation, the council tax, which is based upon the capital values of properties. Central to the implementation of this tax has been the potentially controversial assignment of properties to valuation ‘bands’. This paper posits that a geographical model embedded within a GIS provides an alternative means of devising credible capital values, and anticipates some of the prospects for the use of GIS in local revenue-raising. |
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| Keywords: | Huff model spatial nonstationarity geographically weighted regression competitive location GIS |
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