PariTOP: A goal programming-based software for real estate assessment

PariTOP: A goal programming-based software for real estate assessment

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Article ID: iaor20021886
Country: Netherlands
Volume: 133
Issue: 2
Start Page Number: 362
End Page Number: 376
Publication Date: Sep 2001
Journal: European Journal of Operational Research
Authors: ,
Keywords: programming: goal, financial
Abstract:

In Quebec's municipal taxation system, the tax burden is allocated according to the market value of properties. Determining the market values for housing inventories containing tens of thousands of properties is obviously a complex task with enormous implications in terms of the resources required and the quality of the resulting estimates. This article presents PariTOP, a decision-support system that uses mathematical programming in general and goal programming in particular to estimate the market value of large numbers of residential properties. PariTOP is the result of a partnership between the Communauté urbaine de Québec, an administrative unit that comprises 12 cities, and Modellium, a Canadian company that develops decision-support systems.

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