Phoenix-based consultant Robert “Bob” Gloudemans was in Winnipeg recently(June 3-6), working with Winnipeg modeling staff to review and critique their 2014 valuation models, as well as looking for potential improvements for the future.
Bob is a partner in the firm Almy, Gloudemans, Jacobs & Denne, which works on a variety of property tax and assessment administration issues.
Bob has a lengthy history with the City of Winnipeg, and the well-known statistical software, SPSS. He built Winnipeg’s first local multiple regression (mra) residential model for the North River Heights/Tuxedo area in the late 1990s; trained staff for the first full use of residential mra models for the 2002 reassessment; and has continued to be a valuable resource.
He is the author of Mass Appraisal of Real Property (IAAO, 1999), the co-author of the IAAO textbook, Fundamentals of Mass Appraisal (2011), and is the author or co-author of numerous other textbooks, articles and IAAO standards.
Bob has worked from Ireland to Iceland to Edmonton to South Africa. And Bob is also a serious cyclist (fitting in well with the biking modelers)-he completed a coast to coast ride across the U.S. a few years ago.
The City of Winnipeg is currently using combined additive models for residential properties to value both vacant and improved properties. Multiplicative models are used for condominiums, non-residential land and rents. Regression models are also used as part of the analysis for developing vacancy, expenses and cap rates.