Applied Research On Mass Appraisal Of Profitable Real Estate

With the rapid development of china’s real estate，the problem of China’s realestate tax system gradually to highlight, such as complex categories, unreasonable taxbasis and so on, so as to meet the needs of the development of China’s real estate market,real estate tax reform has become an inevitable trend. Once starting to levy property tax,we need to evaluate lots of real estate, in addition the strongly hot real estate marketgreatly increased the workload of the property tax based assessment, so single caseassessment has unable to meet the requirements of the tax base assessment, we must topull in a new method namely mass appraisal. Compared with single case assessment,mass appraisal not only has the advantage of low cost and high efficiency, but also canguarantee the justice and transparence of the results, and greatly reduce the cost of thetax.Based on reading numerous literature, this article first will subdivide the type ofchina’s real estate, and then focus on the mass appraisal of profitable real estate and putforward some suggestions. Firstly the article introduces the background and significanceof this study, summarizes and analyzes the relevant literature at home and abroad.Secondly states the theory of mass appraisal, and points its feasibility in our country onthe basis of summarizing and analyzing other countries or regions’ mass appraisalimplementation experiences. And again through analyzing oversea mass appraisalimplementation procedure, combining our actual situation, put great focus on theestablishment and correction of the model. In addition the article uses the riskcompensation method by CAPM model to calculate the capitalization rate, on thepurpose of overcoming the shortcoming of traditional methods. Finally the articlechooses Jinan Wanda Plaza shops as the appraisal object, determines the influencefactors of the value, and calculates the real estate value in this region by mass appraisalmodel. And then judges the accuracy of the assessment results through comparing themto market value.The author thinks taxed based mass appraisal has certain feasibility in our country,but due to our country started relatively late in this aspects, so our country shouldlegislation as soon as possible, perfect the database system, and meanwhile reservetalented evaluation professionals as planned. So in one hand we should actively learn toLithuania, South Africa and other developing countries, to seek for the foreign cooperation, on the other hand we should select the qualified cities to pilot massappraisal, in order to sum up mass appraisal technology suing our conditions, andprovide theoretical and practical guidance of the nationwide mass appraisal promotion.