Top of page 10.Will the assessed capital value of a property be the same as the open market value?
• The assessed capital value of a property will not necessarily be the same as the open market value. • This is because the former will be based on an average standard of internal fit out. It would simply not be possible to take account of the internal fit out of every single property. • In addition, the assessment will not take account of any value attributable to development potential, which would be taken into account in determining what the property would sell for on the open market.
