251Valuation of property

251 Valuation of property (1) The commissioner may require a person who is liable to pay duty determined by reference to the value of property to provide a declaration by a competent valuer of the value (unencumbered or otherwise) of the property or to provide the other evidence of that value that the commissioner considers appropriate. (2) The commissioner may assess duty in accordance with the value so declared. (3) The commissioner may have property valued if the commissioner is not satisfied with the value so declared and may assess duty on the basis of the valuation. (4) The commissioner may recover the cost of obtaining a valuation under this section.