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Property Valuation

Volume 888: debated on Friday 21 March 1975

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asked the Chancellor of the Exchequer if he is satisfied that property valuation for housing associations and local authorities reflects current market prices.

pursuant to his reply [20th March 1975]. gave the following information:

It is part of the function of the district valuer to advise both housing associations and local authorities on property values and he exercises his professional skill in the light of such evidence as is available in seeking to ensure that his valuations reflect current market prices wherever that is the proper basis of valuation.