Statutory Valuations

Description

Develop the students skills and knowledge to carry out valuations for rating and taxing purposes and assess compensation for compulsory acquisition and resumption of land.

Availability

WebLearn GradSchool

  • Trimester 2 - 2015

Learning Outcomes

1. Understand the legal concepts of statutory valuations, including rating and taxing, valuation of land Act, role of court and expert witness, specialist valuations, compulsory acquisition, resumption and compensation.

2. Ability to prepare a statutory report for a rating or specialist valuation.

3. Ability to prepare a compensation report for a resumption.

Content

  1. Introduction to principles of Statutory Valuations
  2. Types of valuations used for rating & taxing
  3. Valuation of Land Act
  4. Role of Court in Statutory Values
  5. Specialist Valuations
  6. Valuation methods of statutory valuations
  7. Practical application in rating and taxing values
  8. Principles of Acquisition and resumption
  9. Land acquisition and compensation Act
  10. Determination of compensation
  11. Practical application in compulsory acquisition and resumption.

Replacing Course(s)

This course replaces the following course(s): ARBE6371. Students who have successfully completed ARBE6371 are not eligible to enrol in ARBE6372.

Assumed Knowledge

ARBE6351 Property Investment and Evaluation

Assessment Items

Participation: Weekly Reviews

Report: Assignment 1 - Statutory Report

Report: Assignment 2 - Compensation report for resumption

Contact Hours

Self-Directed Learning

Self-Directed 10 hour(s) per Week for Full Term

Tutorial

Online 3 hour(s) per Week for Full Term