New Rateable Valuations
The BOP Times lead article on Thurs claims "Property values leap 49%" Should have stated rateable valuations leap 49%.
Very misleading as selling values are still the same as the day before this ambiguous heading. Comparable recent sales over the last 6 mths are the best guideline, (as registered valuers use in their reports.)
Yes some homes will reach their new CV (rateable value) if selling but a high % will not.The main reason being there is no site inspection in the CV process - it is a mass computer average not allowing for the fact that each property is unique in its condition.
BOP Times very much in denial when I questioned their journalistic integrity over this article.
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78.8% Yes! It's better to regift what I don't need
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21.2% No. It's the thought and effort that matters
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