Notice of Valuation

The Notice of Valuation is used to inform land owners and lessees of changes to property valuation details.

An owner of land will be issued a new Notice each time some major change occurs which effects the valuation details.

The values shown on a Notice:

may be used for rating and taxing purposes
are subject to Adjustment Factors which reflect market movements in values

For more information see the booklet:

Owner's Guide - Fresh Valuations (2Mb)

Explanation about terms used on the Notice of Valuation

Land value is the value of the property including:

draining
excavation
filling
reclamation
clearing
any other invisible improvements made to the land

It excludes all visible improvements including

buildings
structures
fixtures
roads
standings
dams
channels
artificially established trees and pastures
other similar improvements

Capital value is the total value of the property (including the land value), excluding plant and machinery.

Assessed Annual Value is the gross annual rental value of the property excluding GST, municipal rates and land tax, but cannot be less than 4% of the capital value.

Objecting to a Valuation

If you disagree with your valuations, you can lodge a formal objection with the Valuer-General within 60 days after receipt of a Notice of Valuation.