PARLIAMENTARY WRITTEN QUESTION
Council Tax: Wales (10 September 2024)
Question Asked
Asked by:
David Simmonds (Conservative)
Answer
The Automated Valuation Model (AVM) utilises supervised machine learning, where a model is trained using known transaction values. Statistical techniques are used to calculate the impact of the property’s inherent characteristics and location on the value of a property. While the AVM supports the valuation process, its outputs are reviewed and refined by valuers and analysts before making a final judgement on the appropriate band a property is placed in.
Answered by:
James Murray (Labour)
18 September 2024
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