The 2009 draft valuation list is now ready, according to the Land Valuation department.

The Draft Valuation List is a list of all properties on the Island assessed for land tax purposes and according to a press release, the Land Valuation and Tax Act 1967 requires all properties on the Island be revalued every five years, with the last revaluation carried out in December 2004.

All properties are revalued at the same time to maintain fairness in the Valuation List. Property values change over time with some property types and areas going up in value while others in some cases may go down.

The revaluation re-levels the playing field by reflecting these relative changes in value.

Copies of the draft valuation list will be available in the post offices throughout the Island. The information will also be accessible on the Land Valuation website www.landvaluation.bm.

If anyone believes the information is wrong, contact the Land Valuation Department until June 29 to make an objection.