What is a valuation?
A valuation is an assessment of the amount a property would sell for on a particular date.
2018 is a revaluation year
As required by the Victorian Government, all properties in Cardinia Shire were revalued in 2018. Your property’s valuation for 2018–19 is set at its market value as at 1 January 2018.
Properties in Cardinia Shire increased in value by an average of 18.48% from 2016 to 2018.
Revaluation of your property does not increase the total amount of rate revenue we collect. Instead, it determines the proportion of rates you need to pay relative to other property owners.
How is my property's value worked out?
All valuations are conducted by independent valuers in accordance with Valuation Best Practice Specifications
Like most Victorian councils, we use a property's Capital Improved Value (CIV) (CIV) to calculate the rates payable. To work out a property’s CIV, the valuers analyse property sales and rental data trends as well as factors including a property’s location, land and building size, and the age and condition of buildings.
The property's CIV is then used to calculate the rates payable on that property, as well as the variable charge component of the Fire Services Property Levy
For more information on 2018 valuations visit the Department of Environment, Land, Water and Planning website
What is an Australian Valuation Property Classification Code?
Our contract valuers have assigned an Australian Valuation Property Classification Code (AVPCC) to your property, according to how your land is used. In accordance with the Fire Services Property Levy Act 2012, the AVPCC is used to determine your property's land use classification. The AVPCC and land use description assigned to your property are shown on your rates notice, just below the property details.
Objecting to your property's valuation
If you do not agree with your property's valuation, you can lodge an objection within 60 days of the issue date of your rates notice (in accordance with the Valuation of Land Act 1960) or before Friday 26 October 2018.
The objection must be on the correct form.
Even if you are planning to make an objection, you still need to pay your rates instalments by their due dates, otherwise you may be charged interest.
Objections will be considered in accordance with the Act. If you object and are not satisfied with the outcome, you can take the matter to VCAT