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    SMV For Urban Lands

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    Jestoni Asis
    The document discusses methods for randomly selecting property parcels for appraisal, including: 1) Establishing benchmark lots that represent typical properties in the area. 2) Simple random sampling using lotteries or random number generation from a complete listing. 3) Systematic random sampling by choosing every kth property based on the total number of properties and desired sample size.

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    SMV For Urban Lands

    Uploaded by

    Jestoni Asis
    157 views3 pages
    The document discusses methods for randomly selecting property parcels for appraisal, including: 1) Establishing benchmark lots that represent typical properties in the area. 2) Simple random sampling using lotteries or random number generation from a complete listing. 3) Systematic random sampling by choosing every kth property based on the total number of properties and desired sample size.

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    smv for urban lands

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    The document discusses methods for randomly selecting property parcels for appraisal, including: 1) Establishing benchmark lots that represent typical properties in the area. 2) Simple random sampling using lotteries or random number generation from a complete listing. 3) Systematic random sampling by choosing every kth property based on the total number of properties and desired sample size.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    157 views3 pages

    SMV For Urban Lands

    Uploaded by

    Jestoni Asis
    The document discusses methods for randomly selecting property parcels for appraisal, including: 1) Establishing benchmark lots that represent typical properties in the area. 2) Simple random sampling using lotteries or random number generation from a complete listing. 3) Systematic random sampling by choosing every kth property based on the total number of properties and desired sample size.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    APPRAISAL OF LANDS :

    A. Establish Benchmark Lot Values

     Typical parcel that serves as the model

     Possess characteristics common to the majority of properties

     Ready reference against which to check sales or values of other


    properties

    APPRAISAL OF LANDS

    B. Random Selection of Parcels

    1. Simple Random Sampling

     Lottery – needs complete listing of properties. Easy for small


    populations but relatively complicated and time- consuming for
    large populations.

     Generation of Random Numbers/digits – better and more efficient


    method for selecting a simple random sample. Computers and
    even calculators can be used to generate random digits, however
    a complete listing the properties is needed in this type of random
    selection.

    2. Systematic Sampling – samples are randomly chosen following


    certain rules set by the researchers. This involves choosing the Kth
    number of the properties, with k=N/n, but there should be a random
    start.

    Formula: k = N/n

    Where:

    k = period or intervals

    N – total number of properties

    n = sample size of chosen property

    APPRAISAL OF LANDS

    Example: Choose a sample size of 10 from a sub-market area of 500


    properties, using a systematic random sampling., N=500;n=1
    Step 1. Determine k (period/interval) ; 500/10= 50, using systematic
    random sampling.

    Step 2. Put the random start at 15.

    Step 3. Include in the samples of the following: 15, 65, 115, 265,
    315,365, 415 and 465.

    APPRAISAL OF LANDS

    3. Stratified Random Sampling.

    Use Strata (Kind, Classification, Geographic location such as barangays,


    etc.)

    4. Cluster Sampling

    Sometimes called Area Sampling, clusters are sub-market areas

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