Council has access to multiple sources of information that help determine the value of your property. For instance, the valuers analyse:
Valuations also take into account the different characteristics of each property and area, and the valuers may even request to enter your property to help make a true and correct valuation. The inspection is arranged in advance with the owner/occupier of the property.
If you have any questions please contact Council by phoning 9688 0200 or email email@example.com
Valuation of your property
The Valuer-General is the sole authority on land valuations that take place annually. Council has no jurisdiction over valuing residential properties for rates purposes.
The Local Government Act and the Valuation of Land Act require all properties in Victoria to be revalued each year. The valuation on your rates notice is based on the value of the property as at 1 January 2019. This is to ensure there is consistency across the City of Maribyrnong.
It is important to note that property revaluations do not increase the amount of rate revenue raised by Council - it only redistributes who pays the rates.
The Victorian Government has imposed a 2.5% rate cap, however not all property owners will see a 2.5% rate increase when rates notices are received.
Why your valuation has increased
There are various reasons as to why your property valuation has changed. Changes may be in response to:
- higher sales figures in the area which increases the value of your property
- improvements to the area such as local developments
- changes to planning zones, and
- consolidation of land and increased dwellings affect property values.
A review of your valuation is available on request.
Council officers can help to clarify the reasons for changes in the valuation of your property. Please do not hesitate to contact us by phoning 9688 0200 or email firstname.lastname@example.org
In certain circumstances, supplementary valuations may be performed between general valuations. They are required when properties have:
- physically changed (e.g. altered, erected or demolished)
- amalgamated, subdivided, portions sold off, rezoned or are affected by road construction.
Objecting to a valuation
You can lodge an objection to the valuation of a property within two months of the date of issue on your rates notice. This is outlined in Sections 16, 17 and 18 of the Valuation of Land Act 1960.
Objections to Council rate notices must use the prescribed objection form. Copies are available from Council’s Revenue Services during normal business hours.
You are encouraged to contact Council prior to lodging an objection by phoning 9688 0200. An initial informal discussion may help to clarify any specific issues you may have.
If you are not satisfied with the decision, you may appeal to the Victorian Civil and Administrative Tribunal (VCAT) or to the Supreme Court.
Even if you have lodged an objection, you must continue paying your rates and charges until your objection is resolved to avoid interest charges.
Who does the valuations?
Only qualified valuers, professionals holding recognised tertiary qualifications and with the required practical experience, perform municipal valuations. The valuers are employed by the Valuer-General.
The valuers operate under the highest standards of professionalism and ethics. All valuers must declare their impartiality before undertaking valuations. They also undertake to perform all valuations to the best of their ability and judgement.
What else valuations are used for
Your property valuations are also used by:
What is an Australian Valuation Property Classification Code (AVPCC)
The Australian Valuation Property Clarification Code (AVPCC) is a property identifier. It is assigned to your property by the valuers as per the Fire Service Property Levy Act 2012 showing your land use classification and is now indicated on your rate notice.
My AVPCC code doesn’t match my property and does this effect my valuation?
The AVPCC has no effect on the valuation of your property, it is used to identify the property’s classification (residential / commercial etc.) which is applied to calculate the Fire Service Property Levy that you contribute in accordance to the Fire Services Property Levy Act 2012.
Legislation requires this code to be printed on your rates notice.