Value Of Parcels Research Articles

A COMPUTER AIDED DESIGN SYSTEM FOR LAND READJUSTMENT PLANNING

The objective of this paper is to develop a computer aided design system for land readjustment planning. The system consists of three subsystems. The subusystems are for block configuration design, replotting design and estimation of land parcel value respectively.The characteristics of the system are:optimization techniq ues incorporated for making design alternatives, man-machine systern for improving design alternatives interactively, fuzzy expert system for evaluating them and a spatial database based on GIS (Geographical Information System) for managing land information. Binary tree model for representing the relative position of land parcels is proposed for effectively supporting replotting design process. The practicality of the system is demonstrated through a case study using the prototype.

Market Versus Assessed Values of Industrial Land

The purpose of this paper is to identify the manner in which parcel scale, micro‐location, and macro‐location influence the market values and the assessed values of parcels zoned for industrial use. The implicit prices exhibited by the market for industrial parcels in the west suburbs of Detroit are somewhat different than those which are embodied in the assessment process in the same area. The market exhibits plattage (i.e., a value increment from subdivision), but there is little recognition of it in the assessment process. Also, there appears to be no recognition of the market frontage effect in the assessment process, and assessors appear to have different views of the importance of industrial parks than estimates from the market indicate would be appropriate. However, the market and assessment models are remarkably similar with regard to the impact of north‐south location and landfill permits.