STATUTORY VALUATION ASSIGNMENT 2

Statutory Valuation Assignment 2

Statutory Valuation Assignment 2

George Papadopoulos.

Owner of 3 Lots on Middle Street

Dear Sir,

You are one of our most valued clients and we would like to shed some light on the letter of statutory valuation for your property received on April 1, 2011. Under the Clause 317 inserts a new pt 10, division 4 into the Land Tax Act that provides a transitional provision for the Land Valuation Act 2010. A

reference in the Land Tax Act to the Land Valuation act value of land will,

for the financial year starting 1 July 2010, be taken to be a reference to the

value applicable under the repealed VoLA.It is important to remember that a that the market has fluctuated and the current valuation is considered fair and you should not have any objection in this regards.

Following are the track record of the statutory valuation for your property on Middle Street.

Value on October 1, 2009

$800,000

Value on April 1, 2011

$1,050,000

Site Value on April 1, 2011

$1,250,000

George, as seen in the table above that the legal assessment of your property on Middle Street is not successful, i.e. a difference of about 0.2 million dollars in valuation. Lord, this trust must be earned and there are some common themes: 

Fair value - companies and individuals are price sensitive, but realistic, generally, they want money. 

Integrity - everyone wants the truth - those who are consultants or are evasive to poor! 

Strong communities - there should be no ambiguity in any advice, and actuarie`s should impose his personal views on the client. Many actuaries try to tell people how to manage your business instead of solving the problem required! 

Competition - obviously, there must be errors or omissions.

Understanding customers looking for experts who understand the problems. You can not solve a business problem without knowing the market well. 

Experience ...