Luc Hermans - Changes in the New Ratio Study Standard

ATTENTION: The New Ratio Study Standard Draft That’s About to Change Property Tax

We’ve got a new ratio study standard coming. Meet Luc Hermans – the data scientist from the Netherlands who’s been working to improve ratio study standards.

This isn’t just academic research. Luc sits on the Netherlands Council of Real Estate Valuation AND is spearheading cutting-edge research at Ulster University. When he speaks, forward-thinking assessors pay attention.

Here's what you'll discover in this essential episode:

• Why the traditional PRD and PRB measures have significant limitations (and the new Vertical Equity Index that addresses them)

• The "regression to the mean" challenge that affects accuracy in high-end and low-end assessments

• How to identify vertical equity issues BEFORE they become costly problems

• The proven approach of "independent value estimates" that leading assessment offices are adopting

This is your opportunity to understand these changes before they become industry standard – and while you can still provide input on the final version.

Your next step is clear:

Listen to Episode 56 TODAY. Get the insights you need while there's still time to stay ahead of these important industry developments.

Because when these new standards roll out, you'll want to be prepared, not playing catch-up.

We cover:

• Introduction and Guest Background 0:01
• Importance of Ratio Study Standards 1:47
• Changes in the New Ratio Study Standard 5:28
• Mechanics of the Vertical Equity Index (VEI) 11:25
• Challenges and Importance of Vertical Equity 21:09
• Market Value Proxy and Independent Value Estimates 22:15
• Public Review and Future of the Standard 29:30
• Conclusion and Contact Information 31:37

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