International Valuation Standards & property tax valuations
Paul Sanderson FRICS and President of IPTI discusses the application of International Valuation Standards to valuations for property tax purposes.
The International Valuation Standards (IVS) form the key guidance for valuation professionals globally and underpin consistency, transparency and confidence in valuations.
Valuations are widely used and relied upon in financial and other markets, whether for inclusion in financial statements, for regulatory compliance or to support secured lending and transactional activity.
The (IVS) are standards for undertaking valuation assignments using generally recognised concepts and principles that promote transparency and consistency in valuation practice.
The International Valuation Standards Council (IVSC) also promotes leading practice approaches to ensure the conduct and competence of professional valuers.