• Basic information
• Learning outcomes
• Contents
• Assessment
• Workload

Learning outcomes

Upon successful completion of this course, students will be able to:

1. Defines valuation concepts, land and property taxation processes, and builds relationships among, real estate appraisal, taxation and land marketing.

   Contribution to Program Outcomes

   1. Obtain basic knowledge of Geomatics Engineering
   2. Support his/her ideas with various arguments and present them clearly to a range of audience, formally and informally through a variety of techniques

   Method of assessment

   1. Written exam
   2. Term paper
2. Analysis objective-subjective valuation criteria that affect the value of real estate property.

   Contribution to Program Outcomes

   1. Learning Competence
   2. Support his/her ideas with various arguments and present them clearly to a range of audience, formally and informally through a variety of techniques

   Method of assessment

   1. Written exam
   2. Term paper
3. Analysis the real estate appraisal methods and compares to determine the most appropriate one.

   Contribution to Program Outcomes

   1. Recognize, analyze and solve engineering problems in surveying, planning, GIS and remote sensing fields
   2. Support his/her ideas with various arguments and present them clearly to a range of audience, formally and informally through a variety of techniques

   Method of assessment

   1. Written exam
   2. Term paper
4. According to real estate appraisal valuation method, makes and regulates the report.

   Contribution to Program Outcomes

   1. COMPETENCE
   2. Demonstrate professional and ethical responsibility.

   Method of assessment

   1. Written exam
   2. Term paper
5. Explain the principles and standards of national and international real estate valuation.

   Contribution to Program Outcomes

   1. Learning Competence

   Method of assessment

   1. Written exam
   2. Term paper

Contents
Week 1:	Property/real estate and value concepts, relations with other applications in land management.
Week 2:	A general overview of the Turkish taxation system. Basic principles of the real estate tax system.
Week 3:	The historical background of legislations relating to real estate valuation in Turkey.
Week 4:	Examining criterias for real estate valuation and identification of factors that influence value.
Week 5:	Real estate valuation methods and the basic principles of real estate valuation.
Week 6:	The Comparison method in real estate valuation with applications.
Week 7:	The Income and Cost method in real estate valuation with applications.
Week 8:	Take a project for case applications. Midterm Exam.
Week 9:	Comparing real estate valuation with nominal, fuzzy-logic, regression, and advanced statistical techniques.
Week 10:	Real estate valuation by using GIS techniques. Producing maps and reports for real estate valuation applications.
Week 11:	Property tax collection, building database on property management applications.
Week 12:	Real Estate Valuation in Land Registry-Cadastre and Land Expropriation practices.
Week 13:	Real Estate Valuation in Land Consolidation, Land Readjustment, Privatization, and Urban Gegeneration practices.
Week 14:	Condominium legislation with its implementations, betterment and share calculation practices. Project submission.
Week 15*:	-
Week 16*:	Final Exam
Textbooks and materials:	Course notes and slides.
Recommended readings:	- Açlar, A., Çağlar, V., (2002). Taşınmaz (Gayrimenkul) Değerlemesi, TMMOB Harita ve Kadastro Mühendisleri Odası Yayını, Ankara. - Dörtgöz, G.Ö., (1995). Gayrimenkul Mevzuatı, TAKAV Yayın No: 1, Ankara. - Pınar, A., Özkök Çubukçu, D. ve Öz N. S. (2001). Gayrimenkullerde Vergilendirme (Gayrimenkul Yatırım Ortaklıkları ve Konut Finansman Sistemi-Mortgage), TMMOB Harita ve Kadastro Mühendisleri Odası Yayını, Ankara. - Yomralıoğlu, T., (2010). Taşınmaz Değerlemesi Ders Notları, İTÜ, İstanbul.
	* Between 15th and 16th weeks is there a free week for students to prepare for final exam.

Assessment
Method of assessment	Week number	Weight (%)
Mid-terms:	8	30
Other in-term studies:		0
Project:	8-14	30
Homework:		0
Quiz:		0
Final exam:	16	40
	Total weight:	(%)

Workload
Activity	Duration (Hours per week)	Total number of weeks	Total hours in term
Courses (Face-to-face teaching):	3	14
Own studies outside class:	1.5	14
Practice, Recitation:	0	0
Homework:	0	0
Term project:	3	6
Term project presentation:	1	1
Quiz:	0	0
Own study for mid-term exam:	6	1
Mid-term:	1	1
Personal studies for final exam:	9	1
Final exam:	2	1
		Total workload:
		Total ECTS credits:	*
	* ECTS credit is calculated by dividing total workload by 25. (1 ECTS = 25 work hours)