Understanding Your Property Valuation

More free advice is available for people wanting to better understand their new property valuation.

A brochure from Quotable Value (QV), the independent valuation service which has assessed Marlborough’s properties for the Marlborough District Council, is available from the Council office. The Council uses QV’s valuations to set rates across the district.

The brochure explains how to access a property website established by Quotable Value which will give a property owner a free local sales report with information on up to 10 property sales in their immediate neighbourhood.

To access the website, a property owner must obtain an individual code which is available only through the brochure and only until 27 October. The code allows an individual to access a report once only.

The local sales report gives a snapshot of sales and capital values for properties sold recently.

“It will help people to see how their valuation sits alongside other properties which have sold recently and it may help them to decide whether or not they will formally object to the valuation notice they will have received in the mail last week,” says Council’s Corporate Finance Manager Martin Fletcher.

People who have concerns about their valuation are encouraged to pick up the brochure as soon as possible, remembering that Labour Weekend immediately precedes the deadline for any objections; 27 October 2011.

An advisor from Quotable Value will be at the Council’s Blenheim office to assist people with any inquiries on Thursday, 6 October, from 9am to 4pm. There is no fee for this advice.

The Council will be advising all property owners of the effect the new valuation on individual property rates in November this year.

MARTIN FLETCHER
CORPORATE FINANCE MANAGER