Hi there. I got a property valuation done for our house by the rental agency managing the property. They provided a thorough report but provided us a price range which varied by $100,000 rather than a single price. What should I do here? Go back and ask for another valuation?
Hi Dropbear_3,
In this situation it would be hard for you to use the Market value provided. It is likely if you sold the property that you may not be able to enter these amounts on your tax return. Contact the valuer and ask why they have done the value this way and ask them for a definite market valuation rather than a price range.
A market valuation must be genuine and supported by appropriate evidence. The Market valuation for tax purposes guide is available on our legal database for taxpayers and their advisers (including valuers) who need to value an asset for tax purposes. This guide explains:
Hi Dropbear_3,
In this situation it would be hard for you to use the Market value provided. It is likely if you sold the property that you may not be able to enter these amounts on your tax return. Contact the valuer and ask why they have done the value this way and ask them for a definite market valuation rather than a price range.
A market valuation must be genuine and supported by appropriate evidence. The Market valuation for tax purposes guide is available on our legal database for taxpayers and their advisers (including valuers) who need to value an asset for tax purposes. This guide explains:
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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