Written Question·Treasury·UIN 5224
Council Tax: Wales
Tabled: 10 September 2024
Answered: 18 September 2024
Question
David Simmonds
Conservative — Ruislip, Northwood and Pinner
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
James MurrayThe 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...
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