Computer-assisted mass appraisal


Computer-assisted mass appraisal

Computer-assisted mass appraisal, or "CAMA" for short, is a generic term for any software package used by government agencies to help establish real estate appraisals for property tax calculations.

Contents

Origins

Conceptualized, developed, implemented and promoted by John Q. Ebert beginning in Lansing, Michigan in 1965 as computer ASSISTED rather than computer GENERATED calculations of market value appraisals. Further implemented in Spartanburg County, South Carolina in 1970.

Use of acronym

Melton Spivak, 1973 IAAO Conference, Miami, Florida… following a presentation by John Q. Ebert and Dr. Robert J. Anderson regarding computer assisted mass appraisal for smaller jurisdictions, during the Q&A portion, Mr. Spivak asked a question from the audience with the very first utterance of the acronym “CAMA” with his pronunciation of “Ka-mah.”[1] From that point on the word/term became ubiquitous and universal to the many versions of computer processed mass appraisal systems for property tax administration. Mr. Ebert and Dr. Anderson continued in definition and preachment of the concept which soon spread throughout the world of mass appraisal of market values in property tax administration.

First automated commercial properties CAMA system

1982, by TEC International, Boston Massachusetts. Designed by Mr. Joseph E. Beres and Mr. John Q. Ebert as the first fully integration of the cost, market, and income approaches to valuation of urban commercial properties. Technically designed and programmed by Richard A. Carn of TEC.

CAMA cloud

The first real time, fully synchronized CAMA Cloud was implemented by Data Cloud Solutions, LLC. Daniel T. Anderson's (DCS President) patent-pending technology allows for real time data transmission both to and from mobile field devices. All data, including sketches, photos, and video, is transmitted in real-time back to administrative devices, allowing for immediate quality control.

Applications

Property tax laws and rates policies are forcing property managers (like local governments) to take responsibility for the standardisation of market valuation. National standardisation as well as creating consistency will also smooth the real estate market fluctuations, further benefitting the macroeconomy.

A valuation company is bound to declare all components used for arriving at a fair value. Using a CAMA model enables valuation companies to create and impose a standard system of evaluation.

References

http://www.camaresources.com/faq.html

http://www.instantgeo.co.za/instant/

http://www.datacloudsolutions.net/cama-cloud.php



Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Computer Assisted Mass Appraisal — Computer Assisted Mass Appraisal, or CAMA for short, is a generic term for any software package used by government agencies to help establish real estate appraisals for property tax calculations …   Wikipedia

  • Computer-aided — or computer assisted is a prefix that hints to the use of a computer as an indispensable tool in a certain field, usually derived from more traditional fields of science and engineering. Instead of the prefix computer aided or computer assisted,… …   Wikipedia

  • CAMA — Computer Assisted Mass Appraisal (Business » General) …   Abbreviations dictionary

  • Market value — For values of entire markets, see Market size. Market value is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with open market value, fair value or fair market value, although… …   Wikipedia

  • Cama — or CAMA can refer to several things: *Cama a common Parsi name; see Bhikaiji Cama. *Cama, a cross between a camel and a llama *Cama, Switzerland, a municipality in the Graubünden *Christian and Missionary Alliance, an Evangelical Protestant… …   Wikipedia

  • international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… …   Universalium

  • Autism therapies — A three year old with autism points to fish in an aquarium, as part of an experiment on the effect of intensive shared attention training on language development.[1] Autism therapies attempt to lessen the deficits and …   Wikipedia

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • literature — /lit euhr euh cheuhr, choor , li treuh /, n. 1. writings in which expression and form, in connection with ideas of permanent and universal interest, are characteristic or essential features, as poetry, novels, history, biography, and essays. 2.… …   Universalium

  • Russia — /rush euh/, n. 1. Also called Russian Empire. Russian, Rossiya. a former empire in E Europe and N and W Asia: overthrown by the Russian Revolution 1917. Cap.: St. Petersburg (1703 1917). 2. See Union of Soviet Socialist Republics. 3. See Russian… …   Universalium