Date of Death Property Valuation
Property Valuations Australia provides date of death property valuations in NSW, VIC, ACT and NT, with desktop assessments from $159 incl. GST. Each is an independent valuation of the property as it was on the date of death, for executors, beneficiaries and estate lawyers.
Why estates need a date of death value
- Probate and estate accounts usually list assets at their value at the date of death.
- Distribution: when one beneficiary keeps a property and others receive cash, a value at an agreed date keeps it fair.
- Capital gains tax: if the deceased acquired the property before 20 September 1985, or it was their main residence just before they died and was not being used to produce income, a beneficiary’s cost base is generally its market value at the date of death.
A date of death valuation is a retrospective valuation: the property is valued as it was on that day, using sales evidence from around that date, whenever the report is prepared.
Executors, administrators, beneficiaries and estate lawyers can request directly, and the invoice can be addressed to the estate.
Fees
| Report | Fee incl. GST | Best for |
|---|---|---|
| Desktop Property Assessment | From $159 | Standard homes and vacant lots |
| Tax, Transfer & Compliance Valuation | $495 | Complex or high-value property, or where an inspection is needed |
| Additional valuation date | $149 | A second date in the same report |
We value property. Your estate lawyer or accountant advises on probate and tax.
Sources
Last checked . The facts on this page were checked against these primary sources.
- ATO, Cost base of inherited assets
- Income Tax Assessment Act 1997 (Cth), Federal Register of Legislation
- ATO, Market valuation of assets
- ATO, Market valuation for tax purposes (guide, ATO Legal Database)
- Supreme Court of NSW, Applying for a grant of probate
- Supreme Court of Victoria, How to apply for a grant of probate or administration
- ACT Supreme Court, Probate
- Supreme Court of the Northern Territory, Wills and probate
Questions people ask
Can the valuation be done months after the death?
Yes. The property is valued at the date of death using sales evidence from around that date, whenever the report is prepared.
Who can request a date of death valuation?
An executor, administrator, beneficiary, or the estate’s lawyer or accountant. The report names the client and the purpose.
How much does a date of death valuation cost?
A Desktop Property Assessment is from $159 including GST. An inspected Tax, Transfer & Compliance Valuation is $495.
What is your property worth?
Tell us what you need valued and why. We’ll show you the right valuation and what it costs.