How valuations work

Property valuations help ensure rates are distributed fairly across the community. Generally, properties with higher values contribute more in rates than properties with lower values.

As property values change over time, the Victorian Government regularly conducts valuations of all properties to keep rating information current and equitable. This helps ensure that rates are based on up-to-date property values.

Each year, a qualified independent valuer appointed by the Victorian Government assesses every property in the shire. This valuation is known as the Capital Improved Value (CIV), which reflects the total market value of the land and any improvements, such as houses, other buildings and landscaping.

Valuers determine property values using an analysis of local sales and rental evidence, together with information held about each property. This may include sales and rental data, property inspections, building permit applications and other relevant public records.