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Is a valuation different from a council rates notice?

Yes. A rating valuation is prepared for the purpose of assessing rates and land tax of a property. It does not usually involve an internal inspection and is prepared at a particular date. The relevant date of valuation on your rates notice can vary depending upon where you live. This valuation cycle can be 12 months and up to 4 years in some cities.

A valuation is carried out by a qualified property valuer for a variety of clients including banks, solicitors and individual property owners for a wide range of purposes inlcuding mortgage and refinancing, various accounting purposes, family law matters etc.

If you need a valuation for a residential or commercial property please submit an enquiry or call WBP today on 1300 302 581 for a quote. And for more information visit our property valuations page.