The Council uses the capital improved value to determine the general rates payable on your property. Licensed Contract Valuers are engaged by the Council to supply valuations which are reviewed every two years.
Revaluations ensure that both the Council and the State Government recognise the changes that occur in the property market, both positive and negative, and that these changes are reflected in the level of rates or land tax a property owner will pay.
A new general revaluation of rateable properties does not create extra rate income for the Council. However, the revaluation does result in the reapportionment of the total amount of rate revenue in relation to individual properties.