Nationwide Mass Appraisal Modeling in China: Feasibility Analysis for Scalability Given Ad Valorem Property Tax Reform

Peadar Davis, Michael McCord, Paul Bidanset, Margie Cusack

Research output: Contribution to journalArticle

Abstract

The Chinese government has stated the intention of introducing an annual property tax (since 2003), and while selecting six pilot cities for experimenting with the viability of a mass appraisal system rollout, has not yet adopted this as policy. In order to facilitate a process of piloting the viability of property taxes, the Shenzhen Center for Assessment and Development of Real Estate was founded with the intention to commence citywide valuation, an initiative which coincided with the Lincoln Institute of Land Policy’s initial involvement in China in 2003 (with IPTI, ESRI Canada and others) to provide expertise pertaining to topics ranging from property tax and municipal finance to public land management and land expropriation. The long standing intention to roll out property tax, allied to the significant capacity building begs the question as to why there has not been more progress to date, and whether there are any fundamental barriers to policy adoption. This paper seeks to contribute to understanding this issue, by assessing the feasibility of creating computer assisted mass appraisal (CAMA) and automated valuation models (AVMs) in China and their respective capability of conforming to IAAO valuation standards, with implications for scalability across national and regional markets.
Original languageEnglish
JournalJournal of Property Tax Assessment and Administration
Publication statusAccepted/In press - 14 Sep 2020

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