About the Fresh Valuation (Revaluation) cycle
The Valuer-General is required to establish and maintain a Valuation Roll of statutory valuations for each municipal area in Tasmania and to undertake a Fresh Valuation of each municipality within a seven-year period. A Fresh Valuation is generally known as a 'revaluation'. Three values are assessed - Land Value, Capital Value and Assessed Annual Value.
The current revaluation schedule is a six-year cycle, with one-third of municipalities being revalued every two years. Valuations are effective from 1 July in the year of issue. A high resolution PDF map showing the Revaluation Program is available below.
Municipal Revaluation Map (1.75 MB)
This table shows the date of the last revaluation for each council. Propery owners can also review valuation details for their property at the LIST at www.thelist.tas.gov.au
|Break O'Day||101||2013||Break O'Day||101||2013|
|Central Coast||104||2013||Central Coast||103||2013|
|Circular Head||106||2013||Central Highlands||105||2015|
|Meander Valley||121||2013||Derwent Valley||122||2017|
|West Coast||128||2015||King Island||118||2017|
|Glamorgan-Spring Bay||112||2017||Northern Midlands||123||2013|
|King Island||118||2017||Southern Midlands||125||2015|
The Valuation of Land Act 2001
provides that the Minister may appoint a tender selection committee to assess tenders for the provision of statutory valuations to the Valuer-General. The Committee consists of
- the Valuer-General
- a person nominated by the Treasurer who has special knowledge of, and experience in the administration of the Land Tax Act 2000
- a representative of the municipal council for which the revaluation is proposed
- a representative of the Local Government Association of Tasmania
- an independent appointee who is to be the chairperson of the Committee
The Committee assesses tenders and make recommendations to the Minister whether to appoint a successful tenderer or that no tender be accepted. The Minister may direct the Valuer-General to arrange for the undertaking of valuation services on such reasonable terms and conditions as may be procured.
Requests for Tenders for the provision of statutory valuation services are advertised are published on the Department of Treasury and Finance website for Government Tenders.
Tasmanian Valuation Roll Statistics as at 1 July:
|Valuation Roll Entries||270,504||270,504||273,719||275,412||277,882|||
|Total Land Value||$38.652 billion||$40.551 billion||$40.578 billion||$41.977 billion||$42.246 billion|||
|Total Capital Area ||$86.630 billion||$91.062 billion||$92.139 billion||$94.920 billion||$96.132 billion|||
|Total Assessed Annual Value ||$4.280 billion||$4.350 billion||$4.409 billion||$4.589 billion||$4.647 billion|||
The list below shows the municipalities being revalued with a 'level of value' date as at 1 July 2016. Notices of Valuation will be issued May/June 2017. Property owners may then lodge an objection to the issued valuation if they do not agree with the information contained on the Notice. Link to objection process.