The Valuer-General periodically conducts fresh valuations for the Glenorchy municipality.
When a revaluation occurs, Notices of Valuation are issued to property owners, and the new valuations take effect for rating and taxing purposes from the following 1 July.
What’s being valued?
Each notice includes three valuations:
| Valuation | What it means |
|---|---|
| Land Value | The value of the land itself, including underground improvements like drainage and excavation, but excluding visible improvements such as buildings and structures |
| Capital Value | The total value of the property including land, but excluding plant and machinery |
| Assessed Annual Value (AAV) | The estimated gross annual rental value of the property, excluding GST, rates, land tax, and fixed water and sewerage charges (minimum 4% of capital value) |
Please note: A Valuation Notice is NOT a Council Rates Notice.
Disagree with your valuation?
You can lodge a formal objection with the Valuer-General within 60 days of receiving your notice.
For more information, visit the NRE website.
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