Valuations are carried out every two years by a qualified valuer, and are based on the Capital Improved Value (CIV). This reflects the total market value of your land plus any improvements such as your house, other buildings and landscaping.
Valuations are determined by analysis of local property sales and rental evidence, which is then applied to the data on each particular property. Information is compiled on each property over time, through inspection, building and planning permits and other public sources.
The most recent revaluation has a base date of January 2016 and was based on the property market at this time. It will be used for calculating the 2016/2017 and 2017/2018 Council rates.
For more details see Council valuations on the Department of Transport, Planning and Local Infrastructure website.