Definition of government valuation in English:

government valuation

noun

Australian, NZ

The process of determining the monetary value of a property, carried out periodically by an official body.
a government valuation once put the building's worth at more than $5 million
Example sentencesExamples
- The New Zealand Historic Places Trust was offered the property at the government valuation price of $240,000, but was unable to make the purchase without delay.
- In some areas, land values jumped by more than 100 per cent in the latest round of Government valuations, effectively meaning Council's ordinary rate also doubled.
- We sold a family property south of the Bombay Hills two years ago, when sale prices were pretty much set by the then current Government valuation (about $520,000 in our case).
- The insurance industry is signalling a move to fixed-cover policies, with future cover likely to be based on Government valuations, Radio New Zealand reports.
- When a reserve contribution was assessed on a piece of land I had, its value was ascertained by the Government valuation of the total piece of land, divided by the square metreage of the area of the whole block.
- We had two or three offers through agencies around or slightly above the Government valuation.
- She says she will lose money on her home - which has been renovated since the last government valuation in 2007 - but fighting the Government is not worth it.
- Mr Harcombe said the government valuation was around $137,000 but this perhaps did not reflect the true value of the property.
- Local media have reported that the couple offered $NZ16 million ($14.8 million) for the property - four times a government valuation for the property.
- The house was what real-estate agents optimistically describe as a do-up, with a government valuation of $200,000.

单词	government valuation
释义	Definition of government valuation in English: government valuation noun Australian, NZ The process of determining the monetary value of a property, carried out periodically by an official body. a government valuation once put the building's worth at more than $5 million Example sentencesExamples The New Zealand Historic Places Trust was offered the property at the government valuation price of $240,000, but was unable to make the purchase without delay. In some areas, land values jumped by more than 100 per cent in the latest round of Government valuations, effectively meaning Council's ordinary rate also doubled. We sold a family property south of the Bombay Hills two years ago, when sale prices were pretty much set by the then current Government valuation (about $520,000 in our case). The insurance industry is signalling a move to fixed-cover policies, with future cover likely to be based on Government valuations, Radio New Zealand reports. When a reserve contribution was assessed on a piece of land I had, its value was ascertained by the Government valuation of the total piece of land, divided by the square metreage of the area of the whole block. We had two or three offers through agencies around or slightly above the Government valuation. She says she will lose money on her home - which has been renovated since the last government valuation in 2007 - but fighting the Government is not worth it. Mr Harcombe said the government valuation was around $137,000 but this perhaps did not reflect the true value of the property. Local media have reported that the couple offered $NZ16 million ($14.8 million) for the property - four times a government valuation for the property. The house was what real-estate agents optimistically describe as a do-up, with a government valuation of $200,000.
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