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Opteon specialises in providing property rating valuations sevices across New Zealand
Opteon, together with territorial authorities, provide rating valuations on all types of properties. These rateable values (RV’s) are used to allocate the total rates levied by territorial authorities (city or district councils) across all properties in the region. Opteon also consults to Councils on a wide range of property issues.
Having acquired Landmass Technologies in 2016, Opteon has an established reputation with many local Councils across New Zealand. Opteon’s rating and taxing division in New Zealand is led by an experienced team of rating valuers across several districts in the North Island.
Opteon has a strong presence and a trusted reputation within the rating valuation field. The organisation has a well-developed quality assurance system, which has successfully completed several revaluations and passed all OVG audit requirements, and is well regarded by its established client base.
We have an established reputation with many local Councils across New Zealand
Opteon’s rating and taxing division in New Zealand is led by Mark Grinlinton and Garth Laing, who have been involved in property valuation since the mid-1980’s. From establishing Landmass Technology in 2004, they have brought their scope of knowledge and expertise to Opteon.
Opteon has a strong presence and an enviable reputation within the rating valuation field. The organisation has a well-developed quality assurance system, has successfully passed all OVG audit requirements, and is well regarded by its established client base.
Rating Values (RV)
Opteon is contracted to local government bodies to provide rating values (RVs) for all types of property. The provision of rating valuations is governed and regulated by legislation: The Rating Valuation Act 1998, The Rating Valuations Regulations 1998, The Rating Valuations Rules, and the Rating Revaluation Handbook.
These Rules are issued by the Valuer-General under ss 5 – 5C of the Rating Valuations Act 1998 in the interests of ensuring a nationally consistent, impartial, independent, and equitable rating valuation system that can be monitored and audited.
Property owners and ratepayers need to have confidence that rating valuations on the District Valuation Roll (DVR) provide a fair basis for determining rates.
The DVR provides public access to rating valuation information, and the supporting registers provide the Valuer-General with the necessary information to monitor and audit the valuation system for fairness, consistency, and equity.
Opteon works closely with Councils in New Zealand to deliver a comprehensive service around the maintenance of the District Valuation Roll (DVR) and delivery of the three-yearly revaluation of each district.
Get in touch with us today
If you are interested in finding out more about Opteon, or how our New Zealand rating team can help, you can call us today on 0800 40 50 62 or make an online enquiry using the form below.
Opteon’s team of assessors provide Sum Insured Assessments for all property types including building developments
Opteon’s expert assessors can provide you with a Sum Insured Assessment; this building valuation for insurance purposes is sometimes referred to as a Replacement Cost Assessment or an Insurance Valuation. Whether it is a residential or commercial property, an Insurance Replacement Assessment is required to determine what the replacement cost will be if there is a total loss to your building/improvements.
It is important that you have the correct level of insurance cover to replace your buildings to its existing state when new. A Sum Insured Assessment report produced by Opteon will provide you with the required amount to adequately cover the replacement and reinstatement cost.
What is a Sum Insured Assessment?
A Sum Insured Assessment is an estimate of the actual cost to rebuild the building at the time of the valuation, assuming a total loss situation and a reinstatement with a new building/buildings of similar size and materials.
Our Sum Insured Assessment would typically include the estimated current construction cost, provision for cost escalation during the insured period and rebuilding process, allowances for demolition and clean up, professional fees and other costs depending on the type of property.
The correct amount of insurance cover is considered crucial in the event of a claim; it also ensures you are paying the appropriate premium for your property with your insurance company.
Who Would Need Sum Insured Assessment?
If you are an owner of a residential property including strata title developments, or an owner or landlord of a commercial, industrial or retail property, it is important that you obtain a Sum Insured Assessment on an annual basis.
Building costs together with costs of materials, labour and professional fees can vary from year to year and in most circumstances, increase. By obtaining a Sum Insured Assessment from our experienced team of valuers, you can rest assured that you will have the appropriate cover and are paying the correct premiums.
As an executor, administrator, trustee or beneficiary of a Will, you may be required to undertake a market valuation of the estate
In preparation for a probate settlement, or if there is any disagreement between beneficiaries, Opteon has the experience to provide you with up to date property advise or an expert deceased estate valuation, commonly known as a Valuation for Probate purposes.
Whether it is a single residential holding, a commercial, industrial, retail, or lifestyle holding, or any another specialised property asset, including plant and equipment, we can provide the specialised advice you require.
What are Expert Deceased Estate Valuations required for?
Deceased estates and probate property settlements can sometimes cause disputes among beneficiaries, often due to disagreements on the value of the property. An independent valuation for Probate purposes ensures that the market value of the property can be established which will be used by the executor of the trust or will to determine the fair and equitable distribution of assets.
Who would need a Deceased Estate Valuation?
A valuation report for Probate purposes is utilised to help determine the market value of a deceased estate on behalf of the beneficiaries. Before selling or transferring ownership of the family home or property asset, it is wise to engage an independent property valuer to assess the value of the property in question.
Opteon’s qualified and certified valuers can help you with a market value assessment for Probate purposes before entering into negotiations with real estate agents or family members.
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