Estates Valuation Services

The CIPFA code of practice on local authority accounting 2018/19 requires that 'assets must be revalued every five years as a minimum, but confirms that assets must be revalued more regularly where a five-yearly valuation is insufficient to keep pace with material changes in current value'. The five year milestone is 01.04.2021, however with the potential for a new valuer being appointed it is prudent to have them carry out a full revaluation as at 01.04.2019. A full revaluation will require every property to have a site visit, and will therefore require valuers to be vetted. There are a mixture of property types that will need to be classified in accordance with CIPFA and RICS. Valuation …

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