| Type | State owned enterprise |
|---|---|
| Founded | 2005 |
| Headquarters | Wellington, New Zealand |
| Key people | Kay McKelvie(Chair) Bill Osborne(CEO) |
| Products | Property information and valuation services |
| Website | 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 valuation and other property-related information services.
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QV was originally established as a Crown-owned company on 1 July 1998 as Quotable Value New Zealand Limited [1][2]. It was formed out of the former government department, Valuation New Zealand.
The original government department's main role was the establishment of land values for local authority rating purposes. As part of the reforms associated with its corporatisation, local authorities were permitted to freely contract their valuation services [3] requiring QV to compete.
QV became a state-owned enterprise in January 2005 [2] and continues in government ownership.
QV's main services are the provision of local authorities property valuations for rating purposes, general property valuation and the provision of property information services [4]. It operates under the QVV, QVR, Darroch and QV Online brands in New Zealand, and Egan and QVA brands in Australia.