Property valuations are conducted each year by Valuer-General Victoria. Your property valuation is known as Capital Improved Value (CIV), and was most recently assessed on market value on 1 January 2021.
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 lodging a request via the Rating Valuation Objections Portal or by contacting Council. All objections must be lodged within two months of the issue date printed on your annual Rates and Valuations Notice (first instalment), in accordance with Sections 16, 17 & 18 of the Valuation of Land Act 1960.