Towards the Netherlands LADM Valuation Information Model Country Profile

Abdullah Kara, Ruud Kathmann, Peter J.M. van Oosterom, C.H.J. Lemmen, Ümit Işikdağ

Research output: Contribution to conferencePaperAcademic

Abstract

In this paper, an overview of property valuation system and practices in the Netherlands are described within the context of LADM Valuation Information Model. The paper also includes the development of the Netherlands Country Profile of LADM Valuation Information Model.
A collaborative research initiative has proposed an international valuation information model that extends the ISO 19152:2012 Land Administration Domain Model (LADM) for specifying semantics of valuation registries maintained by public authorities. The proposed model was created based on the specifications of international standards; literature survey and data acquired from questionnaires responded by the national delegates of FIG Commission 9 and FIG Commission 7. Recently, the model has been updated according to the outputs of the seventh LADM Workshop, information gained from personal communications, and the results of previous tests and assessments. It has been decided that the model should be evaluated with new country profiles and prototype systems.
This paper firstly examines the public property valuation system and practices in the Netherlands in terms of property valuation legislation, WOZ-value (the official assessed value), the usage areas of the WOZ-value, valuation approaches, revaluation, indexing and dissemination of the WOZ-values. Secondly, the required data sets for property valuation and their data sources are identified considering the related legislation and the System of Key Registers in the Netherlands. The obtained information is used to develop the Netherlands Country Profile of the LADM Valuation Information Model. It is noted that the country profile covers transaction prices used in valuation procedures, parties involved in valuation practices, and market analysis information. It is proved that LADM Valuation Information Model provides a decent basis to represent property valuation system in the Netherlands. The results of the study will be used to evaluate LADM Valuation Information Model and input will be provided to LADM v2.0 revision within ISO TC 211 and OGC.
Original languageEnglish
Number of pages31
Publication statusPublished - 22 Apr 2019
EventFIG Working Week 2019: Geospatial Information for a Smarter Life and Environmental Resilience - Hanoi, Viet Nam
Duration: 22 Apr 201926 Apr 2019
http://www.fig.net/fig2019/technical_program.htm

Conference

ConferenceFIG Working Week 2019
CountryViet Nam
CityHanoi
Period22/04/1926/04/19
Internet address

Fingerprint

Information model
Valuation model
The Netherlands
Legislation
Collaborative research
Market analysis
Communication
Prototype
International standards
Literature survey
Registry
Data sources
Transaction price
Authority
Indexing
Dissemination
Questionnaire

Keywords

  • LADM Valuation Information Model; ISO 19152:2012 Land Administration Domain Model (LADM); Immovable property valuation
  • ITC-GOLD

Cite this

Kara, A., Kathmann, R., van Oosterom, P. J. M., Lemmen, C. H. J., & Işikdağ, Ü. (2019). Towards the Netherlands LADM Valuation Information Model Country Profile. Paper presented at FIG Working Week 2019, Hanoi, Viet Nam.
Kara, Abdullah ; Kathmann, Ruud ; van Oosterom, Peter J.M. ; Lemmen, C.H.J. ; Işikdağ, Ümit. / Towards the Netherlands LADM Valuation Information Model Country Profile. Paper presented at FIG Working Week 2019, Hanoi, Viet Nam.31 p.
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keywords = "LADM Valuation Information Model; ISO 19152:2012 Land Administration Domain Model (LADM); Immovable property valuation, ITC-GOLD",
author = "Abdullah Kara and Ruud Kathmann and {van Oosterom}, {Peter J.M.} and C.H.J. Lemmen and {\"U}mit Işikdağ",
year = "2019",
month = "4",
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language = "English",
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Kara, A, Kathmann, R, van Oosterom, PJM, Lemmen, CHJ & Işikdağ, Ü 2019, 'Towards the Netherlands LADM Valuation Information Model Country Profile' Paper presented at FIG Working Week 2019, Hanoi, Viet Nam, 22/04/19 - 26/04/19, .

Towards the Netherlands LADM Valuation Information Model Country Profile. / Kara, Abdullah ; Kathmann, Ruud; van Oosterom, Peter J.M.; Lemmen, C.H.J.; Işikdağ, Ümit.

2019. Paper presented at FIG Working Week 2019, Hanoi, Viet Nam.

Research output: Contribution to conferencePaperAcademic

TY - CONF

T1 - Towards the Netherlands LADM Valuation Information Model Country Profile

AU - Kara, Abdullah

AU - Kathmann, Ruud

AU - van Oosterom, Peter J.M.

AU - Lemmen, C.H.J.

AU - Işikdağ, Ümit

PY - 2019/4/22

Y1 - 2019/4/22

N2 - In this paper, an overview of property valuation system and practices in the Netherlands are described within the context of LADM Valuation Information Model. The paper also includes the development of the Netherlands Country Profile of LADM Valuation Information Model.A collaborative research initiative has proposed an international valuation information model that extends the ISO 19152:2012 Land Administration Domain Model (LADM) for specifying semantics of valuation registries maintained by public authorities. The proposed model was created based on the specifications of international standards; literature survey and data acquired from questionnaires responded by the national delegates of FIG Commission 9 and FIG Commission 7. Recently, the model has been updated according to the outputs of the seventh LADM Workshop, information gained from personal communications, and the results of previous tests and assessments. It has been decided that the model should be evaluated with new country profiles and prototype systems.This paper firstly examines the public property valuation system and practices in the Netherlands in terms of property valuation legislation, WOZ-value (the official assessed value), the usage areas of the WOZ-value, valuation approaches, revaluation, indexing and dissemination of the WOZ-values. Secondly, the required data sets for property valuation and their data sources are identified considering the related legislation and the System of Key Registers in the Netherlands. The obtained information is used to develop the Netherlands Country Profile of the LADM Valuation Information Model. It is noted that the country profile covers transaction prices used in valuation procedures, parties involved in valuation practices, and market analysis information. It is proved that LADM Valuation Information Model provides a decent basis to represent property valuation system in the Netherlands. The results of the study will be used to evaluate LADM Valuation Information Model and input will be provided to LADM v2.0 revision within ISO TC 211 and OGC.

AB - In this paper, an overview of property valuation system and practices in the Netherlands are described within the context of LADM Valuation Information Model. The paper also includes the development of the Netherlands Country Profile of LADM Valuation Information Model.A collaborative research initiative has proposed an international valuation information model that extends the ISO 19152:2012 Land Administration Domain Model (LADM) for specifying semantics of valuation registries maintained by public authorities. The proposed model was created based on the specifications of international standards; literature survey and data acquired from questionnaires responded by the national delegates of FIG Commission 9 and FIG Commission 7. Recently, the model has been updated according to the outputs of the seventh LADM Workshop, information gained from personal communications, and the results of previous tests and assessments. It has been decided that the model should be evaluated with new country profiles and prototype systems.This paper firstly examines the public property valuation system and practices in the Netherlands in terms of property valuation legislation, WOZ-value (the official assessed value), the usage areas of the WOZ-value, valuation approaches, revaluation, indexing and dissemination of the WOZ-values. Secondly, the required data sets for property valuation and their data sources are identified considering the related legislation and the System of Key Registers in the Netherlands. The obtained information is used to develop the Netherlands Country Profile of the LADM Valuation Information Model. It is noted that the country profile covers transaction prices used in valuation procedures, parties involved in valuation practices, and market analysis information. It is proved that LADM Valuation Information Model provides a decent basis to represent property valuation system in the Netherlands. The results of the study will be used to evaluate LADM Valuation Information Model and input will be provided to LADM v2.0 revision within ISO TC 211 and OGC.

KW - LADM Valuation Information Model; ISO 19152:2012 Land Administration Domain Model (LADM); Immovable property valuation

KW - ITC-GOLD

UR - https://ezproxy2.utwente.nl/login?url=https://library.itc.utwente.nl/login/2019/conf/lemmen_tow.pdf

M3 - Paper

ER -

Kara A, Kathmann R, van Oosterom PJM, Lemmen CHJ, Işikdağ Ü. Towards the Netherlands LADM Valuation Information Model Country Profile. 2019. Paper presented at FIG Working Week 2019, Hanoi, Viet Nam.