For medical card how is property valued when calculating if you'll pass the means test?

tommybc

Frequent Poster
Messages
38
Im reading here for Medical card means test: aged under 70 “Income, savings, investments and property (except for your own home) are taken into account in the means test.” Im wondering how do they go about valuing the property you own? Do they value it based on what you paid for it?
 

rob oyle

Frequent Poster
Messages
597
I expect you have to provide a current valuation on the property (where it isn't your PPR) and they assign a return based on that valuation, akin to what they do for savings.
 
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