VGV is now the sole valuation authority to conduct annual valuations of all land in Victoria for rating and taxing purposes.
However, individual councils can 'opt out' of VGV centralisation until 2022. VGV is the valuation authority for 75 councils in this first annual revaluation.
Previously, land valuations were carried out by a valuation authority, either a council or VGV on nomination by a council and revaluations were completed in each of Victoria's 79 municipalities every two years.
More information is provided in the Annual centralised valuations fact sheet (DOCX, 400.3 KB).
The changes do not affect underlying valuation principles or methodologies, which are detailed in the Valuation Best Practice Specifications updated by VGV for each revaluation.
VGV is working towards establishing annual general valuation services for councils to minimise disruption during the transition phase. VGV is engaging with councils in the tender process and, where ongoing valuation contracts exist, maintaining existing council contract relationships through a novation process.
At 1 July 2018:
- Thirty-two tender evaluations are complete, and procurement approvals and contracts are being finalised for general valuation services tendered out to the valuation industry. Council CEO notified when the contractor is appointed.
- Thirty deeds of novation are being finalised for councils with ongoing general valuation contracts. Contracts are being varied for the existing contractor to provide valuation services for the 2019 and 2020 revaluation and set costs for these services. If requested by councils, deeds of novation drafted to provide retention of services for ancillary valuations.
- MOU between council and VGV for payment of supplementary valuations to be signed.
- Start-up meetings are being arranged between VGV, council and the appointed contractor. For any interim queries, please contact the Regional or Metropolitan Rating Authority Valuations manager (see below).
- Stage 1 output of the 2019 general valuation due 31 July 2019. Stage 1 - Report Template (DOCX, 84.4 KB). A project plan template (excel file) may be requested by emailing firstname.lastname@example.org.
Aug to December 2018
- Stage 2 output due 31 December 2018. Stage 2 - Report Template.
Jan to June 2019
- VBPSG reviewed and updated.
- Stage 3 output due 28 February 2019. Stage 3 - Report Template.
- Stage 4 output due 30 April 2019 (template being developed).
Key contacts for VGV Rating Authority Valuations
Manager Regional Rating Authority Valuations
Tel: 7004 1472
Manager Metropolitan Rating Authority Valuations
Tel: 7004 1460
Tel: 7004 1463
Tel: 7004 1458
Tel: 7004 1459
The Valuer-General holds a record of statewide valuation data.
The Valuer-General provides certified valuation data from the Valuation Record to other rating authorities, including the State Revenue Office and water authorities, who use it to levy ad valorem charges.
Practice Note Rating valuations, planning permits and site value - June 2017 (DOCX, 104.4 KB)
Practice Note - Port of Melbourne Decision - July 2016 (DOCX, 168.2 KB)
Practice Note - Jam Factory Decision - October 2011 (PDF, 159.3 KB)
Practice Note - Jam Factory Decision - October 2011 (DOC, 99.5 KB)
Practice Note - Objections Lodged with SRO 2010 (PDF, 133.4 KB)
All Acts of Parliament relating to valuations, including but not limited to the Valuation of Land Act 1960, Land Acquisition and Compensation Act 1986, Planning and Environment Act 1987, Local Government Act 1989 and Financial Management Act 1994, can be found online.
To view them, go to Victorian Legislation and Parliamentary Documents select Victorian Law Today and enter the name of the Act.
Victoria's private property was valued at $1,85 trillion as of 1 January 2016.
The figure compares with $1.55 trillion in 2014 and $1.39 trillion in 2012.
The latest figures on the value of private property are the result of Victoria's biennial revaluation.
All private property was revalued by councils as of 1 January 2016. This covered a total of 2.9 million residential, industrial, commercial and rural properties.
The following table sets out the 2016 revaluation outcomes (Excel, 41.4 KB)
The following table sets out the 2014 revaluation outcomes (Excel, 43.0 KB)
The following table sets out the 2018 revaluation outcomes (Excel, 3.2 MB)
What rights do I have to query the valuations used in my Land Tax Assessment notice?
Information on land tax assessments is available on the State Revenue Office website.
As Land Tax assessments are based upon valuations made by the council, where the property is located, objection rights are limited to those set out in the council rate and valuation notice.
Can I purchase property sales information?
Yes. Property sales information is available to valuers, real estate agents and people who have lodged an objection against a council valuation or their property is subject to compulsory acquisition by the State Government.