The property valuation is used to calculate how much you pay in council rates. Government legislation now requires every council to revalue all properties within their municipality on an annual basis.
The current value of your property is shown on the first rate and valuation notice issued by council each year.
Northern Grampians Shire Council uses the capital improved value to determine your rates. The capital improved value is the market value of the land and all improvements, but not the added value of chattels, fixtures and fittings.
Valuer-General Victoria (VGV) is responsible for all valuations in Victoria. VGV contract and engage qualified valuers to determine property values throughout the shire.
The valuation process assesses the amount that a property would sell for at a specific date. The latest property sales, rental data, land type, building condition and all property improvements are 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.
If you believe that your property is incorrectly valued, you may lodge an objection.
The objection must be lodged within two months from the date of the first rate notice in any year, or within two months from the issue date of any supplementary rate and valuation notice.
Lodge your valuation objection here>>
Further information regarding lodging an objection to a property valuation can be obtained by contacting the rating department.
Phone: 03 5358 8710