Property valuations are now undertaken annually by the Valuer-General Victoria, an agency of the Victorian Government.
The Valuer-General Victoria (VGV) and its appointed valuation contractor have completed the valuations and these valuations have been supplied to Council to use for rating purposes.
How will the new valuation affect my rates?
New valuations do not cause a change in the overall rate income to Council. They redistribute the amount of rates across individual properties. Individual property values continue to determine your rates payable by using the rate in the dollar declared by Council in its 2020/21 budget, which was adopted by Council on 22 June 2020.
What is the rate cap for Council this year?
Council has complied with the Victorian Government’s rates cap of a 2% increase. The cap applies to the average rate increase and not to your individual property. The first point of contact for any rates related enquiry is Council.
What is the valuation change in Whitehorse?
According to the VGV valuations, the Capital Improved Value (CIV) within City of Whitehorse decreased by an average of 1.1% from 1 January 2019 to 1 January 2020. The average residential CIV decreased by 1.2%, while the average commercial CIV decreased by 0.8% and the average industrial CIV increased by 1.7%. The changes vary for individual properties based on property characteristics.
My valuation has decreased, why haven’t my rates decreased?
Receiving a decrease in your CIV does not necessarily mean your rates have decreased. A property with an average valuation decrease of 1.1% will receive the average rate increase of 2.0%. A property whose value declined more than the average valuation decrease will experience either a rate increase of less than 2.0% or a rate decrease. A property whose value increased or declined less than the average valuation decrease will receive a rate increase greater than 2.0%.
How will complaints and objections be handled?
All valuations enquiries are now referred to the VGV appointed valuation contractor who undertakes any review. The first point of contact for any rates related enquiry is Council. Valuation objections must still be lodged with Council within two (2) months from the notice date, and these objections will be referred to the VGV valuation contractor to resolve. The valuation objection notice can be obtained from the Property Valuations page.
More information about property valuations is available at the Valuer-General Victoria website