When is the hedonic method used?
With the hedonic method, the property does not have to be viewed. In simple terms, the market value is determined based on the recent sale values of comparable properties in the same area, as compiled in a database. Here, VZ takes into account data spanning thousands of property sales carried out over the previous 12 months.
The hedonic method is mainly suitable for owner-occupied properties and "standard" properties, that is to say ones whose values do not fluctuate hugely, which do not have direct lake access, are not subject to preservation orders or are not located in agricultural zones, for example.