Valuations are carried out every year 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 July 2018 and was based on the property market at this time. It has been used to calculate the 2018/2019 Council rates.
For more details see Council valuations on the Department of Transport, Planning and Local Infrastructure website.