Call 0800 40 50 62
Opteon | New Zealand
  • Services
    • Close
      • Banking & Finance
      • Accountants & Accounting Professionals
      • Matrimonial or Relationship Division
      • Property Developers
      • Real Estate Agents & Property Managers
      • Private Owners & Investors
      • Commercial
      • Residential
      • Government
      • Advisory
  • About Us
    • Close
      • About Us
      • Our People
      • Our Community
      • Careers
      • Locations
  • News
  • Contact Us
  • Request a Quote
  • Search
  • Menu Menu
You are here: Home1 / SMSF

Property valuations for compulsory land acquisition, resumptions and compensations purposes - Opteon
Accounting, Advisory, Agribusiness, Banking, Commercial, Corporate, Financial Planners, Government Property Services, Insolvency, Insurance, Legal, Private Home Owner, Property Developers, Property Investors, Residential, SMSF

Land Acquisition, Resumption & Compensation Valuations

April 10, 2016

Land Acquisition, Resumption & Compensation Valuations

If the Government, Council or any acquiring authority has advised of a proposed resumption of any part of your property, an assessment at Fair Market Value is required to maximise your just compensation

There are times when Central or Local government entities and private enterprises acquire land or property to be used for development for public purposes. If you have been notified that they intend to acquire land or property under the relevant Act, a valuation for compensation purposes and an assessment at fair market value is required.

Regardless of the property type or jurisdiction, Opteon has a specialised valuation team that understand the requirements of the relevant legislation and will ensure that our clients are adequately represented and compensated. Our team will provide an independent valuation to assist in the compensation process, and the cost of the valuation report may even be reimbursed by the acquiring party.

What is the Acquisition of Land?

The acquisition of land is undertaken in accordance with the relevant legislation pertaining to the acquiring authority. The Public Works Act 1981 provides a legislative framework to determine the amount of compensation entitled for an acquisition.

What are Land Acquisition, Resumption & Compensation Valuations?

Most privately owned land, required by government for public purposes, is acquired by negotiation and agreement between the land owner and the acquiring authority. When a land owner and acquiring authority are unable to negotiate the purchase of the land, an independent valuation is required to determine the market value. In fact it is highly recommended that in every instance of land acquisition, a valuation should be obtained by the Titleholder.

Contact us to request a quote

Our team will be in touch with you shortly.

Contact us today for a FREE quote

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/land-acquisition-resumption-compensation-valuations-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-04-10 08:51:532020-07-09 13:43:36Land Acquisition, Resumption & Compensation Valuations
Rating & Taxing Valuations & Advice - Opteon
Accounting, Advisory, Agribusiness, Banking, Commercial, Corporate, Financial Planners, Government Property Services, Insolvency, Legal, Private Home Owner, Property Developers, Property Investors, Real Estate Agents, Residential, SMSF

Rating Valuations

March 28, 2016

Property Rating Valuations

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.

Rating & Taxing Valuations New Zealand

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.

Tax-Depreciation-Services-for-Property-Developers

Contact us to request a quote

Our team will be in touch with you shortly.

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/rating-taxing-valuations-advice-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-03-28 03:43:282020-04-17 13:28:28Rating Valuations
Forensic Valuations - Opteon
Advisory, Agribusiness, Banking, Commercial, Corporate, Financial Planners, Government Agencies, Government Property Services, Insolvency, Legal, Plant & Equipment, Private Home Owner, Property Developers, Property Investors, Residential, SMSF

Forensic Valuations

March 28, 2016

Forensic or Retrospective Valuations

At Opteon we have a specialist team who undertake forensic and retrospective valuations for a variety of purposes and property types

Our specialist team undertake forensic valuations, also known as retrospective valuations, upon receipt of instructions from professional services clients. Professional services providers include insolvency practitioners, administrators, auditors, private investigators and legal professionals.

You may be required to obtain a forensic valuation for a land or property dispute. A forensic valuation report is often supported by an expert witness testimony, and Opteon’s expert valuation team can provide this type of advice for any client. A retrospective valuation is a backdated valuation based on a previous point in history.

Opteon’s forensic valuation specialists examine past property transactions and determine market factors that may have been present at any historic point in time. Only our most experienced valuers undertake instructions of this kind and our advice is individually tailored to the requirements of our clients in simple reporting formats.

Whether it is a single residential holding, commercial, industrial, retail, lifestyle or any another specialised property asset, Opteon has the expertise required to determine retrospective valuation advice.

Contact us to request a quote

Our team will be in touch with you shortly.

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/forensic-valuations-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-03-28 03:34:592020-07-09 13:48:11Forensic Valuations
View Media Centre

Categories

  • Blogs
  • Forms
  • Market Reports
  • Media Release
  • News

Latest News

  • Taupo District Council: RevaluationsJune 27, 2022 - 2:34 pm
  • Mike Hall: A Chance Career in Commercial ValuationOctober 20, 2021 - 3:28 pm
  • Opteon expands further In United StatesSeptember 8, 2021 - 11:40 am
  • NZ Property Boom Keeps Valuer Richard Vaughan on His ToesAugust 2, 2021 - 1:22 pm

Select a Month

© 2022 Opteon

Privacy Policy

Terms of Use

Terms and Conditions

Sitemap

About Us

Careers

Our People

News

Contact Us

Solutions

Commercial

Residential

Government

Connect With Us

Connect with Opteon on LinkedIn

Scroll to top