Creating a progressive tax organization with the help of Ortec Finance.
With more than 850,000 inhabitants the city of Amsterdam is by far the largest municipality in the Netherlands. The Directorate of Taxes uses OrtaX.
Ortec Finance was involved in the program Renewal Information Provision Taxes, the VIB process. The purpose of this project was to replace the old taxation system of the city of Amsterdam with a standard package. As part of this project, OrtaX also needed to be upgraded. Upgrading OrtaX was a major project, especially because of the complexity of the WOZ triangle. Thanks to Ortec Finance the process went well. The city of Amsterdam is also very satisfied with the cooperation with Ortec Finance and attaches great importance to the good relationship.
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19 January 2022Agglomeration Economies and Capitalization Rates: Evidence from the Dutch Real Estate Office MarketIn this paper Arno van der Vlist, Marc Francke and Dennis Schoenmaker analyze whether agglomerations of economic activity result in higher rents for users.
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04 October 2021Modeling unobserved heterogeneity in hedonic price modelsThis paper studies unobserved heterogeneity in hedonic price models, arising from missing property and locational characteristics.
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13 September 2021Precision in a Seller’s Market: Round Asking Prices Lead to Higher Counteroffers and Selling PricesThis paper proposes that the advice is useful, but only in a buyer’s market, in which buyers counter below the asking price. In a seller’s market, in which buyers counter above the asking price, sellers who wish to receive high counteroffers and sell for high prices should set round asking prices.
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07 September 2021Ortec Finance COO Martijn Vos in CIO’s top 20 global most influential knowledge brokersEach year, CIO asks a varied group of respected chief investment officers and allocators which consultants and advisors have “done right by them” for the current markets.
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06 September 2021Buyers in Amsterdam take limited account of ground lease paymentsOwners of homes on leasehold land owned by the municipality of Amsterdam pay the municipality a fee.
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19 August 2021Out-of-Sample House Price Prediction by Hedonic Price Models and Machine Learning AlgorithmsIn an illiquid market like the real estate market, market values are not readily available. Transactions are scarce and do not always reflect market value. As a consequence, appraisal values play an important role to inform agents in decision making, financial reporting and for property taxes.
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16 August 2021Expensive houses but no bubble in AmsterdamHouses in Amsterdam are expensive – everybody agrees on that. Prices have risen every year since 2013. Even for middle incomes, living in the city is no longer affordable.
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12 February 20212020 Customer Satisfaction Survey shows once again consistent high scoresFor the third year in a row, the survey shows consistent high scores on satisfaction!
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24 February 20202019 Customer Satisfaction Survey shows consistent high scoresThe Ortec Finance Customer Satisfaction Survey 2019, shows consistent high scores!