Monte Carlo Simulation
Sensitivity analysis on assessment outcomes, market value uncertainty, and tax rate trajectories.
Monte Carlo Simulation
Rather than a single point estimate, Tavirex runs Monte Carlo simulations to produce confidence intervals on savings estimates. The simulation varies:
- Assessment outcome variance -- how much might the assessor reduce?
- Market value uncertainty -- comparable sales introduce estimation error
- Tax rate trajectory -- will rates increase, decrease, or stay flat?
The result is a distribution of possible savings, giving you expected value, median, and worst-case estimates to support your decision.