Property valuations are used to calculate the amount that you pay in rates, to ensure that rates are shared fairly among property owners in the City of Whittlesea.
For more information about property valuations, email firstname.lastname@example.org or call 9217 2170.
All property valuations are now undertaken annually by the Valuer-General Victoria.
This will be first reflected in your 2020-21 rates notice.
Independent valuers look at the land size, condition and location of your property and any improvements made since the last valuation.
They analyse similar properties that have recently sold or been leased in your area, and the current state of the property market.
You can find your property’s valuation amount on your rates notice. We begin sending out rates notices during July. If you believe that your new property valuation is not accurate, you have 2 months to contact us with a written objection.
Property valuations are used to calculate the amount you pay in rates.
In general terms, if your property has increased in value at a faster rate than other properties, your rates will increase at a higher proportion.
If your property value has dropped or risen at a slower rate than others, your rates will increase at a lower proportion.
The exact amount will depend on how much we decide to increase rates by each year.
Revaluations do not mean we receive more money in rates. They only affect the way the total rates revenue is shared among property owners.
A revaluation redistributes the amount of rates that are paid based on a fairer and updated valuation.
We calculate rates based on each property’s Net Annual Value (NAV).
For residential houses, units and rural properties, the NAV is calculated as 5 per cent of the capital improved value (the value of the house and land).
For commercial and industrial properties, the NAV is the rent at which the property might reasonably be expected to be let from year to year.
Under the Victorian Government's Fair Go System, Council's can increase their total rate income this year by 2%.
This cap applies to Council's total rate income, not individual rates notices. How much you pay above or below the 2% increase depends on your property valuation.
The levy is a State Government charge that helps pay for the fire services provided by the Metropolitan Fire Brigade and Country Fire Authority.
The charge for standard roadside garbage and recycling collection is now listed separately. This is not a new charge.
Supplementary valuations are carried out in certain situations, in between the general revaluation. Examples of these situations include:
If you’re constructing a home on vacant land, we will adjust your rates after building is complete, and after we have determined the value of the house and land, as well as the Victorian Government’s Fire Services Property Levy charge.
To help you estimate your future rates and charges payable, here are some examples:
The waste charge payable in 2020-21 is
The cost to Council of delivering waste collection services to the community has been materially impacted by:
Despite these cost increases to Council, there has been an increase in the waste collection service charges by 2%.
Information to help you understand the process of objecting to a valuation is available on the Valuer-General Victoria's website.
If you wish to lodge an objection to your valuation, please use the Rating Valuation Objections Portal.
The objection must be lodged within two months of receiving the Annual Rate Notice or Supplementary Notice. This applies whether completed online via the Rating Valuation Objections Portal or sent to the City of Whittlesea. This date is determined by legislation and we cannot extend this date.
The Objection Form(s) can be emailed to Council at email@example.com or posted to: City of Whittlesea, Locked Bag 1, Bundoora MDC VIC 3083.
Our Rating Strategy strikes a balance between competing priorities and helps provide revenue needed for ongoing financial stability.