In 2004, the Municipal Property Rates Act 6 of 2004 (MPRA) was promulgated which repealed all the Valuation Ordinances that existed in South Africa. This introduced a single piece of legislation for the purposes of conducting municipal valuations. This study concentrated on the Cape Town Metropolitan 2006 General Valuation that, at the time, was the first local authority to conduct municipal valuations in terms of the new legislation. The research explored the extent to which local authorities intervened in the valuation process, the in dependent judgment of property valuers as well as non-co-operation by oil companies during the valuation process, which was evident by them not responding to the survey questions. The manner in which petrol filling stations were valued, the most frequently used methodology applied and the application of the MPRA in the process were explored. The research was supplemented with a survey of property valuers employed by the local authorities as well as in private practices. This culminated in a holistic overview of the shortcomings in the legislation, the methodology and practice by interested parties in arriving at the municipal valuation in order to provide a critical review. From the critical review, the shortcomings in the valuation processes were identified, the methodology was addressed and recommendations made to the local authority.

Farms are highly heterogeneous and never identical. No two farms are ever alike in terms of (1) the basic resources, land, labour, or capital that are available, (2) the way these resources or factors of production are combined, or (3) in terms of the amounts of various crops and livestock produced. There are numerous factors that influence the price of a farm and some of these factors are not monetary related. This makes the task of the valuer complex, and it increases the possibility of large differences in the estimated market value determined and the actual selling price. The development and use of AVM (Automated Valuation Method) models in the valuation of especially residential property, is a worldwide phenomenon. The majority of AVM models use MRA (Multiple Regression Analysis) as a basis. The accuracy of a MRA relies heavily on the quality and accuracy of the data that are used. Thus, the availability of quality and accurate data has a significant impact on the potential accuracy of a MRA. Accurate MRA valuation estimates will be fair to individual farm owners regarding their municipal tax assessments and it will lead to a wider use of MRAs for the valuation of farms, with the associated benefits of lower valuation costs and speedier valuations, especially by financial institutions. This study analyses the unique and distinctive attributes of farms, which must be taken into account when a MRA model is developed. By following a stepwise regression approach, a regression model is developed which is fairly accurate, but it does not achieve a high level of accuracy. Furthermore, the results of the study show that it is difficult to have enough appropriate and accurate data available to develop a regression analysis for agricultural property to satisfy accuracy requirements. Although it is difficult, it is possible to develop MRA models that are fairly accurate. Therefore, if MRA models are currently used for the municipal valuation of farms, which are not fairly accurate, it should be possible to improve the accuracy. However, maximum accuracy cannot be achieved with MRA models. Thus, it cannot replace a valuation done by a skilled and knowledgeable professional valuer, when maximum accuracy is required. / Dissertation (MSc)--University of Pretoria, 2017. / Construction Economics / MSc / Unrestricted

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This thesis called Valuation of Historical Vehicles is dealing with mapping the issue of historical vehicles, their categorization and with proposing unified methodology for valuation of historical vehicles. The goal is to propose a methodology, on the base of which it will be possible to evaluate any historical vehicle. This methodology is going to be tested in the valuation of selected historical vehicles.

The thesis is divided into theoretical and practical parts. Definitions and explanations of terms related to real estate issues and their valuation are presented in the theoretical part. They are presented here all the information and the laws, regulations and standards required for classification of the property and its subsequent determination of value. In the practical part of the comparison of the selected insurance companies operating on the Czech market. At the chosen property valuation is performed and the resulting values are compared with the practices of the insurance. In conclusion, given the practical outcomes and recommendations for the process of determining the insured value of the property in terms of the insurance contract.

Рассмотрено влияние продуктивности земли в зависимости от использования объекта культурного наследия, при соблюдении ФЗ-73 и охранных обязательств. Проведенные расчеты позволили провести сравнение остаточной стоимости с кадастровой и отметить методологические недостатки в методике оценки кадастровой стоимости земли с позиций экономики городского землепользования. А также в рамка работы предложена модель управления ОКН, включающей проведения аудита с использованием due diligence, и разработку мастер-планов. / The influence of the productivity of the land depending on the use of the object of cultural heritage, in compliance with ФЗ-73 and security obligations, is considered. The calculations made it possible to compare the residual value with the cadastral value and to note methodological shortcomings in the methodology for assessing the cadastral value of land from the standpoint of urban land economics. And also a model of management of cultural heritage objects is proposed, including conducting an audit using due diligence, and creating master plans.