Notice of Valuation
What is a Notice of Valuation
The Notice of Valuation is used to inform land owners and lessees of changes to property valuation details. An owner of land will be issued a new Notice each time some major change occurs which effects the valuation details.
The values shown on a Notice:
(a) may be used for rating and taxing purposes; and
(b) are subject to Adjustment Factors which reflect market movements in values.
For more information see the booklet:
Owner's guide - fresh valuations (revaluations).
Explanation about terms used on the Notice of Valuation
Land value is the value of the property including draining, excavation, filling, reclamation, clearing and any other invisible improvements made to the land. It excludes all visible improvements, such as buildings, structures, fixtures, roads, standings, dams, channels, artificially established trees and pastures and other like improvements.
Capital value is the total value of the property (including the land value), excluding plant and machinery.
Assessed Annual Value is the gross annual rental value of the property excluding GST, municipal rates and land tax, but cannot be less than 4% of the capital value.
Objecting to a Valuation
If you disagree with your valuations, you can lodge a formal objection with the Valuer-General within 60 days after receipt of the notice. The objection must be made on the Objection to Valuation Form.
Objection to Valuation Form (84Kb)
An objection is a formal process and there are specific legislative requirements for both you and the Valuer-General.
Incorrect Details on a Notice of Valuation
If any of the details shown on your Notice of Valuation are incorrect, please contact the OVG Enquiries.