Quotable Value Limited

Quotable Value Limited (QV) is a state-owned enterprise of the New Zealand government. Its main commercial operations are the provision of full market valuations.

Quotable Value Limited
TypeState owned enterprise
Founded2005
HeadquartersWellington, New Zealand
Key people
Jacquie Barker (Chief Executive)
Duncan Reed (Chief Data Officer)
ProductsProperty information and valuation services
Websiteqvgroup.qv.co.nz

History

QV was originally established as a Crown-owned company on 1 July 1998 as Quotable Value New Zealand Limited.[1][2] It was formed out of a former government department, Valuation New Zealand.

The original department's main role was the establishment of land values for local authority rating purposes. As part of reforms associated with its corporatisation, local authorities were permitted to choose their own valuers, requiring QV to compete.[3]

QV became a state-owned enterprise in January 2005 and continues in government ownership.[2]

Services

QV's main services include:[4]

  • the provision of local authorities property valuations for rating purposes
  • general property valuation services

QV operates under the QVV, QVR, Darroch and QV Online brands in New Zealand, and uses the Egan and QVA brands in Australia.

References
  1. http://www.scoop.co.nz/stories/BU9910/S00123.htm
  2. http://www.ccmau.govt.nz/quotable-value.html
  3. MacLeod, Scott (22 June 1999). "Law allows overseas firm to set values". The New Zealand Herald. Retrieved 4 November 2011.
  4. Statement of Corporate Intent (SCI) Archived 2008-10-14 at the Wayback Machine
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