Reval 2023: A job half done

11 January 2023 marked the end of the internal process that saw Land & Property Services (LPS) value 75,000 properties, by their omission, “without carrying out any inspections” or checks on the accuracy of their property records.

It seems somewhat flaky that a £1.682 billion total property valuation that yields approximately £650 million for front-line public and local council services would be conducted without property inspections running alongside the rental analysis.

It may be a sign of the times of a shrinking organisation, but how can anyone have faith in the accuracy of the draft valuation list?

Following the postponement of the General Revaluation in 2010, changes were made in 2012 to Article 39A of the Rates Order. These changes gave the Commissioner of Valuation the power to amend the valuation list where property values