Applications
Property tax laws and rates policies are forcing property managers (like local governments) to take responsibility for the standardisation of market valuation. National standardisation as well as creating consistency will also smooth the real estate market fluctuations, further benefitting the macroeconomy.
A valuation company is bound to declare all components used for arriving at a fair value. Using a CAMA model enables valuation companies to create and impose a standard system of evaluation.
Read more about this topic: Computer-assisted Mass Appraisal