ABSTRACT
Valuation New Zealand has existed as a department of state for almost 100 years. It has responsibility for the cyclical revaluation of all properties within New Zealand. Valuation New Zealand has a computerized record system with a network linking to an IBMAS/400. In the 1970s there was significant pressure on government departments to reduce expenditure. For an organization such as Valuation New Zealand where approximately 65% of expenditure relates to personnel it became critical that productivity be improved. In 1978 the Government approved the implementation of computer assisted valuation techniques. Since 1979 computer assisted valuation methods using multiple regression analysis techniques have been an integral part of Valuation New Zealand’s processes. In most parts of New Zealand the data to be used in the computer assistance programme has been captured. An integral part of the computer assisted valuation regime is the establishment of a comprehensive sales database.
