Finance green paper: re-tuning the frequency of revaluation
Series: IRRV Insight ; (35) November 2000, 11-12(2)Publication details: 2000Subject(s): Summary: Investigates the response of the valuation profession to the local government finance green paper proposals to change the revaluation cycle. A postal survey revealed a significant difference in opinion between agents and in-house surveyors: 51% of agents believed three years to be the best period between revaluations, whereas 71% of in-house surveyors thought the five-yearly cycle should remain. Discusses five key issues for practitioners in their assessment of the revaluation cycle: rents; budgeting; transitional relief; practical challenges; fairness. Highlights the different motivations of agents and in-house surveyors, concluding that the latter group's responses suggest greater unpredictability for budgeting if more frequent revaluations are introduced.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS63230 (Browse shelf(Opens below)) | 1 | Available | 109514-1001 |
Investigates the response of the valuation profession to the local government finance green paper proposals to change the revaluation cycle. A postal survey revealed a significant difference in opinion between agents and in-house surveyors: 51% of agents believed three years to be the best period between revaluations, whereas 71% of in-house surveyors thought the five-yearly cycle should remain. Discusses five key issues for practitioners in their assessment of the revaluation cycle: rents; budgeting; transitional relief; practical challenges; fairness. Highlights the different motivations of agents and in-house surveyors, concluding that the latter group's responses suggest greater unpredictability for budgeting if more frequent revaluations are introduced.