Quotable Value Limited (QV) is a
state-owned enterprise of the
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...
government. Its main commercial operations are the provision of full market valuations.
History
QV was originally established as a Crown-owned company on 1 July 1998 as Quotable Value New Zealand Limited.
It was formed out of a former government department, Valuation New Zealand.
The original department's main role was the establishment of land values for local authority
rating purposes. As part of reforms associated with its corporatisation, local authorities were permitted to choose their own valuers, requiring QV to compete.
QV became a state-owned enterprise in January 2005 and continues in government ownership.
Services
QV's main services include:
Statement of Corporate Intent (SCI)
* the provision of local authorities property valuations for rating purposes
* general property valuation services
QV operates under the QVV, QVR, Darroch and QV Online brand
A brand is a name, term, design, symbol or any other feature that distinguishes one seller's good or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create ...
s in New Zealand, and uses the Egan and QVA brands in Australia.
References
{{authority control
Government-owned companies of New Zealand