How valuations work
Why valuations are important
Accurate valuation of properties is how we ensure rates are fair. The more valuable the property, the higher the rates charged.
Because property values change, the State Government values all properties on a regular basis.
The valuation process
Each year, a qualified independent professional appointed by the State Government values all property in the shire. This is the 'Capital Improved Value' (CIV). The CIV is the total market value of your land plus any improvements, like your house, other buildings and landscaping.
The valuers base the values on an analysis of local sales and rental evidence, along with data for each property. This data includes sale and rent prices, inspections, permit applications, and other public sources.
The most recent revaluation was based on the property market in January 2023. We calculated the 2023/2024 Council rates from that baseline figure.