Need to know what your land in Jamaica is worth? Here’s how to get it officially valued in 2025.
A land valuation in Jamaica is an official estimate of how much a piece of land is worth. It’s often required when applying for a mortgage, selling property, settling estates, or dealing with property taxes. Here’s everything you need to know about getting a land valuation done legally and properly in Jamaica.
What Is a Land Valuation?
A land valuation is a detailed report prepared by a certified property valuer. It gives the current market value of a parcel of land based on location, size, road access, utilities, and other nearby developments.
Why You May Need a Land Valuation
You’ll typically need a valuation if you are:
- Applying for a mortgage or loan (required by banks)
- Selling or buying land
- Transferring ownership through inheritance
- Disputing property taxes
- Developing or subdividing land
Who Can Perform a Land Valuation in Jamaica?
You must use a registered valuation surveyor who is licensed under the Land Valuation Act and recognized by the Real Estate Board of Jamaica.
You can find a list of approved valuators on the Jamaica Association of Real Estate and Valuation Surveyors (JAREVS) website.
How to Get a Land Valuation Done
- Contact a licensed property valuer in your area
- Provide details: property location, title documents, and purpose of valuation
- Schedule a site visit – the valuer will inspect the land
- Receive your valuation report within 3–10 business days
How Much Does It Cost?
Land valuation costs vary depending on the size and location of the property. On average, you can expect to pay anywhere from J$20,000 to J$60,000.
Tip: If you’re working with a bank or mortgage lender, ask if they cover the cost or have a preferred valuer.
Can I Use a Government Valuation?
The National Land Agency (NLA) provides property valuation for tax purposes, but it’s not the same as a professional valuation used for financing or legal transactions. For official use, stick to certified private valuers.
How Long Is a Valuation Valid?
Most banks and institutions accept a valuation that’s less than 6 months old. After that, you may need an updated report.
Tips Before Getting a Land Valuation
- Ensure boundaries are clearly marked or accessible
- Have your property title or diagram ready
- Get quotes from at least two valuers for best pricing
- Avoid unofficial or unlicensed “valuers” offering cheap reports
Need Help Finding a Valuer?
Check out:
- JAREVS – Jamaica Association of Real Estate and Valuation Surveyors
- National Land Agency (for tax values)
- Ask your bank for a list of recommended valuers
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