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How does stamp duty relate to property valuations?

Stamp duty, charged by state governments like the State Revenue Office, is a tax applied to property transactions. It requires an accurate property valuation to determine the correct dutiable value. The Melbourne property market can vary greatly, so having a valuation that reflects the current market is essential for calculating stamp duty accurately. 

Acumentis offers professional property valuations that consider Melbourne’s unique real estate landscape, providing reliable assessments for both commercial and residential properties. This includes calculating stamp duty, especially in cases where the value isn't straightforward, such as family transfers, deceased estates or trust allocations. A stamp duty assessment further ensures compliance with legislative standards, supporting property buyers in accurately meeting their tax obligations.