Bodenwertermittlung mit statistischen Methoden

Translated title of the contribution: Land value appraisal using statistical methods

Jens Kolbe, Rainer Schulz, Martin Wersing* (Corresponding Author), Axel Werwatz

*Corresponding author for this work

    Research output: Contribution to journalArticle

    Abstract

    The taxation of property based on market values requires frequent appraisals for a large number of properties. In light of the recent property tax reform discussion in Germany, it has been argued that a value-based tax therefore cannot be implemented at a reasonable cost. In several other countries, however, mass appraisal systems based on statistical methods are used for property tax assessments. In this paper, we show how this could in principle be done in Germany, using transactions data that local surveyor commissions are obliged to collect by law. We discuss the regression techniques for estimating land values from such data and illustrate them by applying them to data from Berlin, Germany. We find that the methods are capable of producing land value estimates that match up well with expert based assessments.
    Original languageGerman
    Pages (from-to)131-154
    Number of pages24
    JournalZeitschrift für Immobilienökonomie
    Volume5
    Issue number1-2
    Early online date18 Oct 2019
    DOIs
    Publication statusPublished - Nov 2019

    Fingerprint

    Land values
    Statistical methods
    Germany
    Property tax
    Taxation
    Tax
    Tax reform
    Market value
    Transaction data
    Costs

    Keywords

    • Land value
    • Mass appraisal
    • Nonparametric regression
    • Semiparametric regression

    Cite this

    Bodenwertermittlung mit statistischen Methoden. / Kolbe, Jens; Schulz, Rainer; Wersing, Martin (Corresponding Author); Werwatz, Axel.

    In: Zeitschrift für Immobilienökonomie, Vol. 5, No. 1-2, 11.2019, p. 131-154.

    Research output: Contribution to journalArticle

    @article{387704fab20843a791a3047abe27fb82,
    title = "Bodenwertermittlung mit statistischen Methoden",
    abstract = "The taxation of property based on market values requires frequent appraisals for a large number of properties. In light of the recent property tax reform discussion in Germany, it has been argued that a value-based tax therefore cannot be implemented at a reasonable cost. In several other countries, however, mass appraisal systems based on statistical methods are used for property tax assessments. In this paper, we show how this could in principle be done in Germany, using transactions data that local surveyor commissions are obliged to collect by law. We discuss the regression techniques for estimating land values from such data and illustrate them by applying them to data from Berlin, Germany. We find that the methods are capable of producing land value estimates that match up well with expert based assessments.",
    keywords = "Land value, Mass appraisal, Nonparametric regression, Semiparametric regression",
    author = "Jens Kolbe and Rainer Schulz and Martin Wersing and Axel Werwatz",
    note = "Kolbe und Werwatz danken der Deutschen Forschungsgemeinschaft, DFG-Forschergruppe FOR2569 „Agrarlandm{\"a}rkte – Effizienz und Regulierung“, f{\"u}r die finanzielle Unterst{\"u}tzung.",
    year = "2019",
    month = "11",
    doi = "10.1365/s41056-019-00038-9",
    language = "German",
    volume = "5",
    pages = "131--154",
    journal = "Zeitschrift f{\"u}r Immobilien{\"o}konomie",
    issn = "1611-4051",
    publisher = "Springer",
    number = "1-2",

    }

    TY - JOUR

    T1 - Bodenwertermittlung mit statistischen Methoden

    AU - Kolbe, Jens

    AU - Schulz, Rainer

    AU - Wersing, Martin

    AU - Werwatz, Axel

    N1 - Kolbe und Werwatz danken der Deutschen Forschungsgemeinschaft, DFG-Forschergruppe FOR2569 „Agrarlandmärkte – Effizienz und Regulierung“, für die finanzielle Unterstützung.

    PY - 2019/11

    Y1 - 2019/11

    N2 - The taxation of property based on market values requires frequent appraisals for a large number of properties. In light of the recent property tax reform discussion in Germany, it has been argued that a value-based tax therefore cannot be implemented at a reasonable cost. In several other countries, however, mass appraisal systems based on statistical methods are used for property tax assessments. In this paper, we show how this could in principle be done in Germany, using transactions data that local surveyor commissions are obliged to collect by law. We discuss the regression techniques for estimating land values from such data and illustrate them by applying them to data from Berlin, Germany. We find that the methods are capable of producing land value estimates that match up well with expert based assessments.

    AB - The taxation of property based on market values requires frequent appraisals for a large number of properties. In light of the recent property tax reform discussion in Germany, it has been argued that a value-based tax therefore cannot be implemented at a reasonable cost. In several other countries, however, mass appraisal systems based on statistical methods are used for property tax assessments. In this paper, we show how this could in principle be done in Germany, using transactions data that local surveyor commissions are obliged to collect by law. We discuss the regression techniques for estimating land values from such data and illustrate them by applying them to data from Berlin, Germany. We find that the methods are capable of producing land value estimates that match up well with expert based assessments.

    KW - Land value

    KW - Mass appraisal

    KW - Nonparametric regression

    KW - Semiparametric regression

    U2 - 10.1365/s41056-019-00038-9

    DO - 10.1365/s41056-019-00038-9

    M3 - Article

    VL - 5

    SP - 131

    EP - 154

    JO - Zeitschrift für Immobilienökonomie

    JF - Zeitschrift für Immobilienökonomie

    SN - 1611-4051

    IS - 1-2

    ER -