Towards the Netherlands LADM Valuation Information Model Country Profile

Abdullah Kara, Ruud Kathmann, Peter van Oosterom, Christiaan Lemmen, Ümit Işıkdağ

    Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

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    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
    Title of host publicationProceedings FIG Working Week 2019
    Subtitle of host publicationGeospatial Information for a Smarter Life and Environmental Resilience
    PublisherInternational Federation of Surveyors (FIG)
    Number of pages31
    ISBN (Print)978-87-92853-90-5
    Publication statusPublished - 2019
    EventFIG Working Week 2019: Geospatial Information for a Smarter Life and Environmental Resilience - Hanoi, Viet Nam
    Duration: 22 Apr 201926 Apr 2019

    Conference

    ConferenceFIG Working Week 2019: Geospatial Information for a Smarter Life and Environmental Resilience
    CountryViet Nam
    CityHanoi
    Period22/04/1926/04/19

    Keywords

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

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