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Valuation
In New South Wales (NSW), the Valuer General is the State Government’s principal advisor on all land valuation matters. The Valuer General has a statutory responsibility to provide fair and accurate land valuations for rating and taxing purposes, to determine compensation following the compulsory acquisition of land and to provide specialist valuation and property advice to government and the public.
The Valuer General values all land on behalf of the State Government and maintains a Register of Land Values containing information in relation to land ownership, location, occupation, value and other information as required by the Valuation of Land Act 1916 see http://www.legislation.nsw.gov.au/
The Register of Land Values contains the following information in relation to land:
- the ownership of the land
- the occupation of the land
- the value of the land
- reference to the title of the land
- the location or description of the land
- the area of the land, and
- any other information as required by Valuation of Land Act 1916.
The Department of Lands supports the role of the Valuer General through the provision of technical and operational expertise in producing and recording land values for New South Wales.
