Independent Sydney Land Valuers
A land valuation in NSW is performed by land valuers on behalf of the NSW Valuer-General every 3 years. It is the current market value of the land only. Structures, buildings, and improvements will be excluded from the valuation. This market value of land will be accurate to July 1st of the valuing year.
Once this valuation has been conducted, you will receive a Notice of Valuation or a land tax assessment. If there are any errors or if you believe the land value of your property has been incorrectly assessed, then you can lodge an objection. This is where you will need the help of independent land valuers in Sydney.
You have 60 days to object to the land valuation performed by the NSW Valuer-General. When lodging the objection for an incorrect value, you must state the land value you believe is correct and provide sufficient evidence. The easiest way to ensure you have all the evidence you need to support your objection is to hire an independent land valuer.
An independent land valuer in NSW will have to be registered as a Certified Practising Valuer (CPV) through the Australian Property Institute (API). The land valuers here at Sydney Property Valuers Metro have this certification and are also members of the Royal Institution of Chartered Surveyors (RICS). Their land valuation will be professional and adheres to the strict standards and regulations of both institutions. This will strengthen the support for your objection.
Every land valuer employed by our team has something many independent valuers lack, experience. Each valuer we provide our clients have had over 20 years of experience. Over the years we have provided our clients with comprehensive and accurate land valuations. We can help you supply evidence that more than adequately supports your objection.
About Land Valuations in Sydney
NSW land valuations do not include the value of your home or building. The value presented cannot be affected by any restrictions such as easements, rights of way or title covenants. For a valuation report that does include land value, the value of your home including property restrictions, then we at Sydney Property Valuers Metro can assign one of our expert residential property valuers to assist.
As stated above the valuation of land cannot include any improvements on the land. There are, however, a few exceptions. The improvements allowed in an NSW land valuation include:
- Draining
- Excavating
- Filling
- Clearing
When it comes to a land valuation for the purpose of contesting the value reported in a Notice of Valuation, a land valuer will have to complete market research. This research includes finding at least 3 comparable properties, that are similar to yours in terms of location, size and quality. They must have been sold within the valuing year, with the sales price adjusted for the market as it was on the 1st of July of that same year.
For more information about land valuations in NSW feel free to get in touch with us. We have a team of specialists ready to answer any questions. Please send any enquires to us through our contact us form or speak with a member of our team today by calling us at (02) 8599 9840.