You have been engaged by an individual property owner to assess the correct level of value as it impacts on both municipal rates and land tax for the subject property (assuming land tax has to be paid). The subject property chosen must be located in Victoria, Australia and be a property that you can obtain the latest rating information on. Your specific Instructions are to: (a) Advise on the recent trends in the surrounding residential market within which the property is located. (b) Advise on the correct value of the property for rating and land tax purposes at the relevant valuation date. (c) Provide a written report to the property owner advising all of the owners options in objecting to the respective values
