Calculate sales ratio and value shift Provide individual sales ratio on sale properties (refer Appendix C). statistics on completed valuations. Provide a summary of sales ratio statistics for each SMG. Conduct exception reporting and valuation Discuss the conclusions drawn from the sales ratio statistics, mapping. providing justification where tolerances have not been met. reporting Discuss conclusions drawn for SMGs where few sales exist. When there is no sale evidence for a SMG, discuss how levels of value and influencing factors have been applied. mapping Provide value shift statistics for sale and non-sale properties as exception – and set out in Appendix D and provide reasons if tolerances were not – met. Provide exception reports as set out in Appendix E. Statistics, Provide analysis of valuation GIS maps as per Appendix F. Stage 4 Review – quality assurance and return of general valuation To be completed and submitted no later than 30 April 2019 This stage is the return of the final valuation in the prescribed form to the valuation authority and the provision of a statutory report (Section 7AA and 7ADof the Act) to the Valuer-General.
Statistics, exception reporting and mapping Calculate sales ratio and value shift statistics on completed valuations. Conduct exception reporting and valuation mapping. Provide individual sales ratio on sale properties (refer Appendix C). Provide a summary of sales ratio statistics for each SMG. Discuss the conclusions drawn from the sales ratio statistics, providing justification where tolerances have not been met. Discuss conclusions drawn for SMGs where few sales exist. When there is no sale evidence for a SMG, discuss how levels of value and influencing factors have been applied. Provide value shift statistics for sale and non-sale properties – as set out in Appendix D – and provide reasons if tolerances were not met. Provide exception reports as set out in Appendix E. Provide analysis of valuation GIS maps as per Appendix F. Stage 4 Review – quality assurance and return of general valuation To be completed and submitted no later than 30 April 2019 This stage is the return of the final valuation in the prescribed form to the valuation authority and the provision of a statutory report (Section 7AA and 7ADof the Act) to the Valuer-General.