ABSTRACT
This chapter examines the compilation and maintenance of the valuation lists in the United Kingdom and explains the need for revaluations. It then describes the transitional arrangements in Wales. The original valuations lists were compiled for 1 April 1993 at values of 1 April 1991. However, by virtue of section 3 of the Local Government Finance and Valuation Act 1991 all dwellings in Great Britain were originally assessed for council tax so as to place each in a valuation band at the appropriate time for each country. The valuation of dwellings for the first valuation lists for Great Britain was the responsibility of government officials much of the work was undertaken by 337 firms in the private sector by virtue their appointment under section 3(4) of the Local Government Finance and Valuation Act 1991. It was intended that from April 2005 computer modelling would be used in the work for the revaluation in England.
