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Guidance

Academies land and buildings valuation

Annual land and buildings valuations and revaluations: information for academies

Updates to this page

From:
Department for Education
Published:
22 August 2014
Last updated:
23 February 2021
Show all updates

  1. The process for the academy land and buildings valuation has changed removing the requirement for new academies to submit a return.

  2. Completion of the land and buildings valuation for new academies has been paused until end of December 2020.

  3. Changed the month that land and buildings valuations are made available from January to March.

  4. Updated to reflect date changes to the annual valuations cycle.

  5. The Education Funding Agency has amended the guide for academies on completing land and buildings valuations with information about the 5-year revaluations and additional information on using the valuations.

  6. Updated to provide a link and guidance for completing a new online form replacing the Excel template.

  7. Updated cells in the spreadsheets with new information

  8. First published.

Applies to England

Documents

Academies land and buildings valuation: guide

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Details

Between September and December every year, the Department for Education (DfE) procures valuations of the land and buildings of all new academies that opened between 1 September of the previous year and 31 August of the current year, as well as revaluations of academy land and buildings that were last valued 5 years ago.

DfE commissions professionally-qualified valuers to carry out the valuations and revaluations.

We procure these valuations to allow us to consolidate academies (as part of academy trusts) into the Sector Annual Report and Accounts (SARA).

Academies that opened in the year between 1 September and 31 August, and those academies whose land and buildings have been revalued, can find copies of their valuations in the document exchange in the following March.

The copy is for information only and academies don’t need to do anything with it. The guide on this page provides information on how DfE prepares land and buildings valuations and how they may be used.

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