Question to the HM Treasury:
To ask His Majesty's Government what assessment they have made of the ability of the Valuation Office Agency's automated valuation model to carry out the work needed to the requisite level of accuracy in time for the introduction of the high value council tax surcharge.
The Valuation Office Agency are developing their approach to the targeted revaluation and will set out more details in due course, following the outcome of the Government's consultation.
When valuing domestic properties, the VOA uses modern technology and industry standard techniques combined with freely available information including sales data, property attribute details and government records.