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Property Valuations
The Local Government Act and the Valuation of Land Act require Council’s to revalue all properties in Whitehorse every two years. Whitehorse calculates rates on the Capital Improved Value (CIV) for each property. The valuation for each property is shown on the Rate Notice. CIV is the estimated market value of the property including land and all improvements. Site value is the value of land only. Net annual value is a minimum of 5% of the CIV. For commercial assessments, the net annual value is the adjusted annual rent.
Supplementary Rate
If an amendment is made to the valuation to include any changes to the property, additional rates could be payable, for which a supplementary valuation and rate notice will be issued.
Objections to Valuations
The Valuation of Land Act 1960 provides that any person who wishes to object against a valuation must lodge the objection with the Council within two months after the notice is given. Any such objection must use the prescribed objection form. Copies are available from Council's Property and Rates Department during normal business hours.
Ratepayers are encouraged to always discuss valuation issues with Council's Valuers prior to lodging an objection by calling
9262 6333.
Regardless of any objection to the valuation, rates must be paid as assessed by the due date, otherwise interest may be charged.