- A valuation is an assessment of the amount a property would sell for on a particular date.
- As required by the Victorian Government, all properties in Cardinia Shire were revalued in 2020. Your property’s valuation for 2020-21 is set at its market value as at 1 January 2020.
- Properties in Cardinia Shire increased in value by an average of 0.56% from 2018 to 2019.
- 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.
Valuations are now centralised and happen every year
- From 1 July 2018, valuations were centralised and are now conducted annually by the Valuer-General of Victoria (VGV) as the sole valuation authority.
- The VGV provides valuations to councils and the State Revenue Office for the purpose of setting council rates, land tax and the Fire Services Property Levy.
- For more information go to the Council valuations web page on the DELWP website
How is my property's value worked out?
All valuations are conducted 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 valuations visit the DELWP 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 by Friday 18 October 2019 – this is within 60 days of the issue date of your rates notice or supplementary rates notice (in accordance with the Valuation of Land Act 1960).
- The objection must be on the correct form. To get a copy of this form, please make an online valuations enquiry or call us on 1300 787 624 to speak to a member of our Valuations Team, who will discuss your options with you.
- 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