Council Tax: Wales
Commons · Question 5224 · Tabled 10 Sep 2024 · Treasury · Official record
Answered 18 Sep 2024
Question
Asked by David Simmonds
To ask the Chancellor of the Exchequer, whether (a) artificial intelligence and (b)machine learning were used in the automated valuation model in the Valuation Office Agency’s work for council tax revaluation in Wales.
Answer
Answered by James Murray, 18 Sep 2024
The Automated Valuation Model (AVM) utilises supervised machine learning, where a model is trained using known transaction values. Statistical techniques are used to calculate the impact of the property’s inherent characteristics and location on the value...