Finance green paper: re-tuning the frequency of revaluation
Pound, K
Finance green paper: re-tuning the frequency of revaluation - 2000 - IRRV Insight (35) November 2000, 11-12(2) .
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.
RATING SYSTEM
LOCAL GOVERNMENT FINANCE
GREEN PAPER
TRANSITIONAL RELIEF
RENTS
BUDGETING
REVALUATION CYCLE
BAYLISS REPORT
Finance green paper: re-tuning the frequency of revaluation - 2000 - IRRV Insight (35) November 2000, 11-12(2) .
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.
RATING SYSTEM
LOCAL GOVERNMENT FINANCE
GREEN PAPER
TRANSITIONAL RELIEF
RENTS
BUDGETING
REVALUATION CYCLE
BAYLISS REPORT