Ensuring Fairness in Real Estate Valuation: Exploring Vertical Equity

This study investigates vertical equity in real estate assessment, emphasizing the importance of fair and consistent property valuations. Vertical equity ensures that properties of similar value are assessed comparably, regardless of their location or other attributes. By analyzing current assessment practices and case studies, this research identifies disparities and challenges that undermine fairness in real estate taxation. It explores how market dynamics, appraisal techniques, and regulatory frameworks influence assessment equity. The study highlights the necessity for reforms in assessment methodologies and oversight to promote greater fairness. It concludes with recommendations for policymakers and stakeholders to improve equity and transparency in property assessment systems. © 2024 International Association for Housing Science. All rights reserved.