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Property valuation We are required by State Government to undertake a general property revaluation every two years.
All properties within the municipality have been revalued as at 1 January 2016. We are currently in the first year of the 2016 Level Valuation cycle and preparing for the 2018 Level Valuation louis vuitton yellow epi alma cycle. The revaluation in 2016 has shown residential properties in Greater Geelong have increased in value by an average 5.4%, louis vuitton speedy 35 or neverfull compared to the 2014 revaluation. Who decides on the value of properties? Valuations are carried out by professional valuers. Properties are assessed according to the louis vuitton bags with red inside Valuer General Victoria Best Practice guidelines. Valuation Best Practice provides a uniform approach to collecting property information, which we use to undertake valuations. Visit the Department of Transport, Planning and Local Infrastructure for more information. The effective date for all valuations across Victoria is 1 January 2016. This valuation will be used from 1 July 2016 until 30 June 2018. Westlink Consulting are the Valuers that conducted the 2016 level valuations and Westlink Consulting also conducted the previous 2012 and 2014 louis vuitton bags usa level valuations. Valuations and your rates It is very important to note that an increase in your property's value does not automatically result in an increase in rates. s are only one of a number of factors used to determine rate levels. Other key factors include rises in CPI, what we spend on infrastructure and the cost of delivering services to residents.
Individual ratepayers are likely to experience a change in their rates with both increases and decreases expected, depending on the type and location of properties. Where property values have increased across our municipality, your rate bill will not necessarily change. The current values are as at 1 January 2016 and have been used for the 2016 2017 (and will also be used for the 2017 2018) rating calculation.
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