Property valuations
The annual rate and valuation notice is for the period 1 July 2011 to 30 June 2012.
2010 Valuations
The property valuations shown on your rate notice for 2011/2012 is based on the level of values as at 1 January 2010 and became effective on the 1 July 2010.
The property valuation will remain unchanged until 1 July 2012, unless a supplementary valuation is required due to some physical change. This may be required as a result of buildings being altered, erected or demolished or where land is subdivided, consolidated, portions sold off or rezoned.
Calculation of rates
Moreland City Council uses Capital Improved Value (CIV) as its valuation base. The rate shown on your rate notice is assessed by multiplying the CIV of your property by the appropriate rate in the dollar declared by Council.
For example, the rate for a property with a CIV of $390,000 will be calculated as follows:
$390,000 x 0.002666 = $1039.75.
Differential rating
Council has differential rates for vacant land, unoccupied land and Electronic Gaming facilities in Moreland.
See differential rating for further information.
Valuation objection
You are entitled to object to the valuation of your property under the provisions of the Valuation of Land Act 1960. Objections must be lodged with Council within two months of the date of issue shown on the annual rate and valuation notice.
For further information refer to the rear side of the rate notice or contact Council. Our contract valuers will be happy to discuss any concerns you may have about the valuation.
Supplementary valuations
In certain circumstances, valuations must be performed between general valuations. These are known as supplementary valuations.
They are required when properties are:
- physically changed, for example, when buildings are altered, erected or demolished,
- amalgamated
- subdivided
- portions are sold off, or
- rezoned.
The level of values date for supplementary valuations are assessed at the same date of the general valuation currently in use.
