newsletter valuer general...newsletter › if your council is using new land values for rating you...
TRANSCRIPT
Newsletter
› If your council is using new land values for rating you should have received a Notice of Valuation in early 2015 showing the land value as at 1 July 2014.
www.valuergeneral.nsw.gov.auJULY 2015 | ISSN: 2203-0719
Your land value and council rates Want to find out more about land values?
Your Notice of Valuation
A change in your land value does not necessarily lead to a similar change in rates.
Each council has a revenue policy that sets the rates and charges it needs to fund the services it provides to the community.
The Independent Pricing and Regulatory Tribunal (IPART) sets limits to the total amount of revenue a council can raise.
If you would like to find out more about how your rates are calculated you should contact your council.
› The Notice of Valuation gives you the chance to consider the land value before it’s used by council.
JULY 2014
Market analysis and determination of land values as at 1 July 2014.
SEP–NOV 2014
Land and PropertyInformation checks thequality of land values.
DEC 2014
Land values issued to council.
JAN–FEB 2015
Notices of Valuation issued to landholders. Objection period commences (60 days).
MAR–APR2015
Objection period closes.
MAR–MAY2015
Public exhibition of council draft planning documentation, including draft revenue policy, and consideration ofsubmissions by council.
JUNE2015
Planning documentation adopted by council.
JULY 2015
Council commences the issue of rate notices.
Visit www.valuergeneral.nsw.gov.au or call us on 1800 110 038.
How we value landPolicies and fact sheets explain how we value different types of land.
Typical land valuesTypical land value tables show how land values for standard property types have changed since the last valuation for council rating.
Land value trendsGraphs show trends in median sale prices and median land values since the last valuation for council rating.
Contact usWe are here to help.
1800 110 038 8.30am - 5.00pm Mon - Fri
Valuation Services Land and Property Information PO Box 745 BATHURST NSW 2795
We supply new land values to councils every three to four years to calculate rates.
Councils use land values to 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.
Valuer General
FREE AND EASY ACCESS TO PROPERTY AND MAPPING INFORMATION
The NSW Globe allows you to explore mapping and property information
within Google Earth™
Copyright © Crown in right of New South Wales through the Office of the Valuer General, 2015. This copyright work is licensed under a Creative Commons Australia Attribution 3.0 licence, http://creativecommons.org/licenses/by-nd/3.0/au/
Any enquiries relating to this newsletter may be addressed to the Office of the Valuer General at [email protected]
Author: Office of the Valuer General
NSWGlobeFind land values across NSWThe Valuer General and Land and Property Information have recently added land values to the NSW Globe.
You can explore land values throughout New South Wales.
Search for a property using the address or property number found on your Notice of Valuation to find:
› land values (for up to the past five years)
› valuation basis
› zone
› area
› valuing year used for council rates
› hyperlinks to other valuation information.
To get started
Visit:
Click on:
Click on:
1
2
3
For help:
› watch the online tutorials
› read the user guide on the Valuer General’s website
›call us on 1800 110 038.
* You will need to have Google EarthTM installed
© June 2015 LPI (B) P15/18/020
Valuer General
Explore the NSW GlobeAs well as land values you can find:
› aerial imagery
› information about a parcel of land such as boundaries, lot and plan numbers
› suburb, local government area and electorate boundaries
› historical imagery of Sydney from 1943
› Australian Bureau of Statistics data
›transport routes and other points of interest.