Research On The Hedonic Model In The Mass Appraisal Of Residential Properties

After the residential allocation monetization in1998, Chinese residential market has gotten a true sense of the development. Followed by the real estate tax becoming the focus of attention. Property tax levy is a huge project, many of the issues involved, the valuation of technology is one of the difficulties of residential prices.Many places from2005has the use of mass appraisal method of mass appraisal approved by the second-hand housing transaction tax price, volume assess its highly efficient, low-cost, fair to become a real estate transaction tax base assessment methodbut a large number of issues need to be studied and resolved mass appraisal techniques.Mass Appraisal means at a given time, using standard methods, using the common data, and to consider statistical tests, the process of evaluating a series of real estate. Many provinces and cities in China in the process of reform of the real estate transaction tax valuation approved pilot has studied real estate appraisal volume evaluate the application of the technology, and has made certain achievements.This paper combined mass appraisal technology and Hedonic models at home and abroad, in the summary of research on hedonic price model to use in mass appraisal, mass appraisal technology to the residential real estate transaction tax valuation assessment approved, and try to build tohedonic price model Dalian High-tech Zone, residential real estate transaction tax valuation approved mass appraisal model. Price method study consumer preferences from microscopic to construct residential hedonic price model to estimate the implicit price of residential characteristics, which analyzes the influencing factors of urban residential prices. Firstly a brief introduction of the mass appraisal, hedonic price theory and model the residential characteristics of geographical features, architectural features live mainly divided into three categories of neighborhood characteristics, and were subdivided them; High-tech Zone of Dalian City residential, acquire and integrate related data, compared to the estimated results of the four functional form, the eventual adoption of the logarithm of the hedonic price model-a linear function of the form of housing prices of the high-tech zone an empirical study. The paper is structured as follows:Part I:Introduction. The article begins first described the research background and significance, Mass Appraisal, Hedonic model and in this article, several concepts are defined, further pointed out that this research framework and innovation.Part II:Overview of Mass Appraisal. That part first expounded the theoretical basis of the mass appraisal, and a summary of the literature of the domestic and foreign mass appraisal, compared to the mass appraisal and other three traditional assessment methods, the final steps of the mass appraisal.Part III:Hedonic Model Overview. The part of the first the Hedonic model domestic and international research literature, detailed setting Hedonic models, estimation and testing. End of this section describes the the Hedonic model selection of variables and quantitative methods, selected in line with the characteristic variables for the specific circumstances of the Dalian High-tech Zone and quantified.Part IV:Hedonic-based model of residential bulk assessment of empirical research. The main part of the bulk to assess the technical and Hedonic model combined Dalian High-tech Zone residential the mass appraisal empirical research. This section first describes the empirical research the use of SPSS software, and then describes the overview of the Dalian High-tech Zone, pointed out that the source of the study data, and finally the Data Entry the SPSS System, choose the most suitable Hedonic model estimation and testing pointed out that the feature factors that affect the Dalian High-tech Zone housing prices and their impact.Part V:Conclusion and outlook.Conclusions mainly on empirical research, pointed out shortcomings in this article, the outlook on future areas of research, and pointed out that the future still need to continue to study the problem.