Quotable Value Limited
| State owned enterprise | |
| Founded | 2005 |
| Headquarters | Wellington, New Zealand |
Key people |
Kay McKelvie(Chair) Bill Osborne(CEO) |
| Products | Property information and valuation services |
| Website |
www |
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.
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 the former government department, Valuation New Zealand.
The original government department's main role was the establishment of land values for local authority rating purposes. As part of the reforms associated with its corporatisation, local authorities were permitted to freely contract their valuation services [3] requiring QV to compete.
QV became a state-owned enterprise in January 2005 [2] and continues in government ownership.
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
- ↑ http://www.scoop.co.nz/stories/BU9910/S00123.htm
- 1 2 http://www.ccmau.govt.nz/quotable-value.html
- ↑ MacLeod, Scott (22 June 1999). "Law allows overseas firm to set values". The New Zealand Herald. Retrieved 4 November 2011.
- ↑ Statement of Corporate Intent (SCI)