Most of you should have received your new rateable value from Quotable Value late last month. If not, you can access them here. While it is known not to base market value solely on the RV, they are a useful reference point when arriving at the likely market value of a property. The components used to formulate an RV include location, land size and zoning, the age of the property along with its square meterage and construction type. Largely RVs are struck without inspecting a property, so will not reflect a property’s appeal or lack thereof. The aesthetic value, aspect and architecture are key factors, and are only measured and determined by the marketplace when a home is for sale. Like beauty it is all in the eyes of the beholder!
If you feel that your RV isn’t reflective of the current market value of the property, you can simply lodge an objection at the QV website.
Contact us today to request a no-obligation market appraisal to gauge how the market value of your property sits in relation to your new RV.