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- Title
Measuring the Quality of Housing: An Econometric Analysis of Tax Appraisal Records.
- Authors
Sumka, Howard J.
- Abstract
The measurement of the structural quality of housing is a prerequisite for analyses of housing consumption and pricing patterns as well as for estimates of the extent and distribution of housing needs. However, there does not exist a generally accepted technique for deriving a single indicator of housing quality. Among the problems encountered in such efforts are the subjectivity inherent in evaluating the individual physical attributes of the dwelling unit and the difficulty of establishing a weighting scheme for combining the attribute measures into a single index. This article demonstrates that building values, as appraised for tax purposes, can provide a useful basis for developing a continuous measure of the quality of housing units. Tax value is correlated with rent and the photo ranking about as strongly as is the index. Depending on one's analytical requirements, therefore, "raw" tax value may be substitutable for a derived index. Whether land valuations are equally consistent is an open question, but one that does not limit the utility of tax information in measuring housing quality.
- Subjects
HOUSING; TAX assessment; DWELLINGS; QUALITY; HOME prices; QUALITY control; VALUATION; VALUATION of farms; CONSUMPTION (Economics); INDEX numbers (Economics); ECONOMETRICS; TAXATION
- Publication
Land Economics, 1977, Vol 53, Issue 3, p298
- ISSN
0023-7639
- Publication type
Article
- DOI
10.2307/3146122