Valuation changes to local government
Published on 31 January 2018
Council resolved at its Council Meeting on Tuesday 30 January to opt-out of state government centralised valuations until the sunset date of 30 June 2022.
From 1 July 2018, the state government will centralise valuations, with valuations becoming the responsibility of the Valuer-General of Victoria rather than local councils, and will move to annual valuations rather than every two years as is the current practice.
Valuations are used as the basis for setting rates, the fire service levy, and land tax collected by the state revenue office.
Mornington Peninsula Shire Mayor Councillor Bryan Payne said “valuations are an important part of setting our residents’ rates and the in-house valuation team has developed an understanding of the diversity and complexities of our municipality over the past 13 years resulting in successful valuation outcomes.
“Our current in-house model, which undergoes regular reviews, provides a vitally important, high quality and timely service to our community members and alongside the local knowledge, our residents have the ability and opportunity to discuss their valuations directly with their appointed valuer.
Mornington Peninsula Shire is required to move from biennial to annual valuations in line with the state government changes being introduced from 1 July 2018.
“We’re pleased we’ll continue our current in-house valuation model over the next four years to ensure consistency in our valuations and to continue our high standard of customer service,” said Councillor Payne.