Quotable Value
{{Use New Zealand English|date=April 2024}}
{{Use dmy dates|date=April 2022}}
{{Infobox company
| name = Quotable Value Limited
| type = State owned enterprise
| foundation = 2005
| location = Wellington, New Zealand
| key_people = Jacquie Barker (Chief Executive)
David Nagel (Chief Operating Officer)
| products = Property information and valuation services
| homepage = {{URL|www.qv.co.nz}}
}}
Quotable Value Limited (QV) is a state-owned enterprise of the New Zealand 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.{{Cite web | title=FREED UP VALUATION MARKET FROM TODAY GOOD FOR NEW ZEALAND SAYS LUXTON {{!}} Beehive.govt.nz | url=https://www.beehive.govt.nz/release/freed-valuation-market-today-good-new-zealand-says-luxton | archive-url=https://web.archive.org/web/20240624071218/https://www.beehive.govt.nz/release/freed-valuation-market-today-good-new-zealand-says-luxton | access-date=2025-02-15 | archive-date=2024-06-24}}{{cite web| url = https://www.scoop.co.nz/stories/BU9910/S00123.htm| title = Quotable Value profit in maiden year {{!}} Scoop News}}{{Cite web|url=http://www.ccmau.govt.nz/quotable-value.html|title = Company and entity performance advice| date=5 October 2022 }} 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.{{cite news |url=http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=8735 |title=Law allows overseas firm to set values |author=MacLeod, Scott |date=22 June 1999 |work=The New Zealand Herald |access-date=4 November 2011}}
QV became a state-owned enterprise in January 2005 and continues in government ownership.
Services
References
{{reflist}}
{{NZ state-owned enterprises}}
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