Valuation New Zealand

Descriptive Data

TypeAgencyOther NamesValuation DepartmentDate Range01January 1896-30 June 1998DescriptionThe Valuation Department was set up on 17 October 1896 under the Government Valuation of Land Act 1896. In 1904 the Valuer-General became independent of the Commissioner of Taxes. In 1987 the Department became Valuation New Zealand and began to work on a cost recovery 'user-pays' basis, charging for information and certain special valuations that were previously non-recoverable. Values set by the department were used as a basis for levying rates, land taxes, estate, stamp and gift duties, by local and central government agencies involved in land transactions. They were also used as benchmarks for the real estate market, both housing and commercial. The departments role was to prepare district valuation rolls and update them for changes in ownership and development. Valuation assessments for properties were prepared at not more than 5-yearly intervals. Between valuations, current market values of individual properties were assessed as required. Valuation New Zealand was disestablished on 30 June 1998 when the Department's functions were split between the newly created Office of the Valuer-General and Quotable Value New Zealand Limited. The Office of the Valuer-General became part of Land Information New Zealand (LINZ), responsible for setting standards and auditing providers of valuations for rating purposes. It also took over administrative support for the Valuers Registration Board.

Related Agencies

Related Agency or OrganisationQuotable Value

Start typing here to find a location	Latitude	Longitude	Zoom	Actions

loading google map....

Save Cancel

Menu

Valuation New Zealand