| SERVICES & PRODUCTS ITEMS |
FEES & CHARGES |
1. Alteration to the valuation of a parcel of land in Valuation Area during a periodic interval |
K 2.00 |
2. Certified copy of particulars in valuation rolls |
K 2.00 |
3. Certified copy of Valuation Roll or portion of Valuation Rolls |
K 2.00 |
4. Lodging objection to any Valuation |
K 30.00 |
5. Valuation - |
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| (a) where value of property does not exceed K5,000.00 |
K 30.00 |
| For additional K1,000 or part thereof where value of property |
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- Exceeds K5,000 but does not exceed K10,000.00
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- Exceeds K10,000 but does not exceed K20,000.00
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- Exceeds K20,000 but does not exceed K50,000.00
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- Exceeds K50,000 but does not exceed K100,000.00
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- Exceeds K100,000 but does not exceed K500,000.00
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- Exceeds K500,000 but does not exceed K100,000.00
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(b) rental assessments based on gross annual rental value where value of rental does exceed K1,000.00
For additional K1,000.00 or part thereof rental per annum where value of rental per annum |
K60.00 |
- Exceeds K1,000 but does not exceed K20,000.00
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K19.00 |
- Exceeds K20,000 but does not exceed K40,000.00
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K8 .00 |
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K6.00 |
(c ) acquisition & resumption for statutory purposes and for the purposes of subdivision V.I.D. of the Act where value of property does not exceed K5,000
For additional K1,000 or part thereof where value of property |
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- Exceeds K5,000 but does not exceed K50,000.00
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- Exceeds K50,000 but does not exceed K100,000.00
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- Exceeds K100,000 but does not exceed K500,000.00
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| (d) Preparation of Certificates |
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K 3.00 |
- plus time expended for drafting plans
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K 20.00 |
6. Official Valuers' Services |
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(a) acting as arbitrator pursuant to a lease or a similar instrument, or as referee in a dispute between parties |
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- For each half or part engaged hearings
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K190.00 |
- Time spent on arbitration at rate per hour or part
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K 38.00 |
(b) attendance at court, including waiting and all other work that may be incurred in preparation of a case - per half day or part |
K190.00 |
(c ) when an official Valuer's services are required beyond a radius of 45km of a valuation office - traveling expenses or actual fares paid or if no fares paid per km each way over the most practical route |
K 0.15 |
(d) where an official Valuer is required to produce evidence in support of a valuation, in addition to valuation fee under Item 5 per half day or part |
K190.00 |
7. Miscellaneous Valuations |
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For valuation of plant, machinery, furniture and effects and livestock where value of the goods |
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A minimum of K30.00 or 3% of the valuation is the greater of the valuation |
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3% for the first
K2 ,000 and 2% in excess of K2 ,000 |
- Where the valuation of goods is made in conjunction with a valuation of land, the minimum fee of K30.00 does not apply in relation to the goods
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8. Fees payable to Valuers' registration Board |
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- Application for registration as a Valuer
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K 5.00 |
- Issue of Certificate of Registration
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K 10.00 |
- Application for re-registration
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K 10.00 |
9. Fees payable by Local Authorities |
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- The fee payable by a local Authority for a Valuation roll under Section 53(3) of the Valuation Act is a sum calculated and payable in accordance with the following scale - for every valuation of rateable land
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K 2.00 |
- In addition to the amount calculated in accordance with this scale, the Local Authority shall pay annually during such period to the Valuer General in respect of the copy of the Valuation Roll
- The local Authority shall pay the fee to the Valuer General not later the 30 th September in each year or on such other day as the Valuer General directs.
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A further sum equal to 20% of that amount
The minimum sum payable in any one year is K300.00 |
10. Transportation Expenses |
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- The fees for the most practical direct route by motor vehicle from the Valuer's headquarters to the property to be valued - per km each way
The cost under this item shall be apportioned pro rata where more than one valuation is undertaken on the same journey |
K 0.15 |
11. Travelling and waiting time. |
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- Travelling by the most practical route and necessary waiting time per hour or part
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K 11.00 |
All requests now require an initial fee of K50.00 deposit prior to inspection and valuation.
A fee of K50.00 is deposit is paid at any BMS office in the Provices and within the National Capital District at the Cashier's office, 4th floor Aopi Center, Tower Two, Waigani Drvice.
A valuation fee balance is caluculated upon the completion of the Valution according to the Valuer General's Scale of fees.
