Appraisal Models

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January 1, 1 5 min read Definitions

AVM Property Valuation Real Estate Technology Appraisal Models Property Tax Assessment

An Automated Valuation Model (AVM) is a computerized system that uses mathematical modeling to value properties. AVMs incorporate data from public property records and commonly utilize proprietary algorithms to deliver a property valuation. These models are often used for mass property appraisals, such as for property tax assessments and securing the preliminary values for mortgage lending.