Your property valuation, known as CIV (Capital Improved Value) was assessed on the market value as at 1 January 2016. Valuations are returned every two years in accordance with the Valuation of Land Act (1960).
The most recent valuation came into effect from 1 July 2016. The next general revaluation will be dated as at 1 January 2018 and will be used for rating purposes from 1 July 2018.
Revaluations impact the amount of rates billed to each ratepayer by redistributing the overall amount of general rates collected. Individual ratepayers will pay more or less if the movement in the value of your property is above or below the average.
In addition to the general revaluation, Council also conducts supplementary valuations when there have been changes to property as a result of property improvements, demolitions, subdivisions, or similar. Payments of supplementary notices are usually due within 21 days of being issued or included with your remaining installments.
An objection to a valuation shown on your rate notice can be addressed by completing an Objection to Valuation Form. All objections must be lodged within two months of the issue date printed on your Rates & Valuations Notice 2016/17 (First Installment).
More information about the Valuation of Land Act (1960) is available from the Department of Sustainability and Environment website or by contacting the Borough of Queenscliffe Rates Coordinator.