Valuation of Land
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In-House Memorandum ~ Valuation of Land 2014 marks the 8th biennial revaluation of Victorian properties since the introduction of the current system of revaluation in 2000. Revaluation can help to prevent large percentage shifts in property value, where long intervals occur between valuations. The Valuation of Land Act 1960 (Vic) (VL Act) permits a person…