The Valuer General issues land values to councils for rating at least every four years. These land values are fixed for rating until new land values are issued to council.
Councils use these land values to assist in the calculation of rates for local residents - see Division of Local Government for more information.
Councils calculate rates in one of three ways.
- A combination of the land value of the property and a fixed amount per property.
- Entirely on the land value of the property.
- Entirely on the land value but subject to a minimum amount.
Land values are one factor used by council in the calculation of a landowner's rating liability. Increases in land values do not necessarily lead to similar increases in rates. Rates depend on each councils rating structure and the limits to increases set by the Independant Pricing Regulatory Tribunal (IPART).
If you would like to know more about the determination of your rates you should contact your council.
In conjunction with the issue of land values to councils the Valuer General provides landowners with a Notice of Valuation informing them of the new land value for their property. From the following 1 July this land value will be used by councils to calculate rates.
To view a table showing when councils throughout NSW will next be revalued for rating purposes click here (PDF 838.2 KB).
