Hi All,
I got asked the question today and had a sheepish moment of responding in local government talk of “thats just how it is” and realised I couldnt pinpoint the legislation I needed to back me up.
The question I got asked was why do we get supplied valuations from the VG’s each year, but only use every third one for rating purposes. I had a look through LG Act, Regs, Valuation of land Act, revenue raising manual and the VG website without finding a definitive answer.
The VG website advised the below, but didnt link me back to any legislation to back it up.
The Valuer General gives councils new land values at least every three years.
The following schedule shows when the Valuer General determines land values and when councils start using them for rating (a year later). Most councils will use 1 July 2016 land values for rating until July 2020.
Our revenue policy has the following sentence “Council rates are calculated on the valuations as at 1 July 2019 for 2021-2022.”,
Any guidance would be greatly appreciated.
Cheers Dallas