Under new Victorian Government legislation, valuations are conducted annually by the Valuer-General Victoria as the valuation authority. A revaluation occurred in January 2021 and will be used to determine rates in the 2021-22 financial year.
Revaluation of your property determines the proportion of rates you need to pay relative to other property owners.
During every revaluation, owners, managing agents and occupiers of residential investment flats, commercial and industrial properties may be requested to provide information to Council (and its authorised representatives) to assist in producing an accurate valuation for every property.
All information, requested and/or collected by Council is done in accordance with the Valuation of Land Act 1960 and is only used for valuation or related purposes.
Rate change by valuation change
|Valuation change from 2020 to 2021||Corresponding rate change effective 1 July 2021 to 30 June 2022|
|Decrease of 30%||33.43% rate decrease|
|Decrease of 20%||18.07% rate decrease|
|Decrease of 10%||7.83% rate decrease|
|No change||2.41% rate increase|
|Increase of 10%||12.65% rate increase|
|Increase of 20%||22.89% rate increase|
|Increase of 30%||33.13% rate increase|
How average rates are affected by revaluation
|Property Type||Average Change in Valuation||Rate Change|
|Commercial / Retail||-5.51%||-3.23%|
The valuation process
The requirements of municipal valuations are governed by the Valuation of Land Act 1960. This Act was amended 2017 to introduce annual valuations. The Valuer General supervises all general valuations throughout Victoria and confirms the suitability of these general valuations to be used for statutory purposes.
For more information, see the rates and valuation brochure.