Councils are required by the State Government to revalue all properties within their municipality every two years. This means that all properties in the State are valued at a common date, currently 1 January 2016 and are used to calculate your rates for 2016/17 and 2017/18.
Determining the Valuation
To determine property values throughout the Shire, a qualified valuer is contracted and engaged by Council.
The valuation assesses the amount a property would sell for at a specific date. The latest property sales, rental data, land type, buildings and their condition as well as other property improvements are also analysed as part of the valuation process.
A profile of value levels for each area and property type in the Shire is then constructed and applied to individual properties.
Council will also do a supplementary valuation on a property when there is a significant change to the valuation. Sometimes a building can be removed or destroyed and the value reduces. More often improvements are added or a new dwelling is constructed so the value increases.
When the supplementary valuation is completed, a new rate notice with a revised amount of rates payable may be issued at any time.
Objecting to the Valuation
If you believe your property is incorrectly valued, you may lodge an objection on the form provided by Council. This needs to be done within 2 months of receiving the rates and charges notice (1st Instalment Notice) and application forms are available from Council offices.
To ensure you understand how the valuation has been arrived at, it is often best to contact the Rates Department or the Valuer to discuss the valuation before starting the appeal process. A Rates and Valuation enquiry form can be downloaded here.
The use of Valuations for Land Tax
The State Revenue Office uses site valuations to assess land tax under the Land Tax Act 1958. The site value of the land returned at the 2014 Council general valuation which appear on council rate notices for 2016/2017 and 2017/2018, will be used for land tax in 2016/2017 and 2017/2018 respectively.
You may object to your land tax assessment if you believe the assessment is incorrect. The objection must be received by the State Revenue Office within 60 days of the date of service of the Notice of Assessment.
Further information on the use of valuation and objections to valuations for land tax can be found on the State Revenue Office website.