The comparable sales method as the basis for a property tax valuations system and its relationship and comparison to geostatistical valuation models

There is an identifiable theoretical relationship between the comparable sales method (CSM) of valuation as practiced by mass appraisers and the recent developments in geostatistical valuation models. The CSM is shown to be a special case of a spatially lagged weight matrix model. There is a less formal but clear relationship with Geographically...