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SMV For Urban Lands

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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Jestoni Asis
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312 views3 pages

SMV For Urban Lands

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.

Uploaded by

Jestoni Asis
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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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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