Overview

OCTANS™ Property Valuation System (PVS) has the flexibility to cater to the dynamic needs of regulations from the local government or authorities. PVS captures all the information relevant to the valuation of properties, generates the valuation list, and computes the assessment for each property, accordance to the current regulations and guidelines.

PVS' open and flexible design provides:

• Normalized database containing accurate, up-to-date and consistent data
• Standardization and automated computation to rates values
• An integrated repository for valuation and transaction data

Location is one of the more important factors in determining the value of a property. PVS was designed to link to both the Cadastral and Development Planning Databases, so as to allow one to make assessment of a property with perspective to its neighbouring information, via a user-friendly graphic user interface, enabling valuation maps to be viewed, analysed, and printed.

Sub Modules:

• Valuation method
• Valuation work process
• Building property graphical query
• Maintenance
• Objection and Appeal management
• Transaction management
• Valuation List generation
  

Chracteristics

• Huge databases of precise and timely property information
• Flexibility to meet changing requirements
• Ability to generate and compute information for assessment and decision making
• Provides common standard and automatic computation of ratable values
• Supported by ready and comprehensive related databases for accurate determination of value
• Complemented with a graphical interface that allows users to visualize property information
  

Benefits

• Increase in staff productivity
• One-stop Desktop Environment access to applications and information sharing
• Improve revenue collection through monitoring alert and efficient billing
• Reduce property tax arrears
• Improve accuracy and consistency of property valuation
• Standardize computation method of rateable value
• Automate calculation of rateable values