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. Councils that have opted out are;
- Hume City Council
- Mildura Rural City Council
- Mornington Peninsula Shire Council
- South Gippsland Shire Council
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 Council Q&A document, Annual property valuations document and the Centralised Annualised Valuations Q&A reference document for Councils.
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.
Key contact for VGV Rating Valuations
General enquiries (03) 7004 1497.
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.
The 2020 Valuation Best Practice Specifications Guidelines (VBPSG) is a legislated requirement. The document provides a framework to assist valuation authorities prepare for and conduct revaluations. It provides templates and information about;
- the deliverables and stages required for certification
- improving the quality of valuations and property databases
- audit procedures and legislative requirements
- the roles, responsibilities and relationship between the council, the valuer and Valuer-General Victoria.
The guidelines are reviewed after each revaluation and amended (if required) after consultation with councils and valuation industry groups.
Supplementary valuations and objections for the 2019 revaluation continue to be guided by the principles contained in the 2019 VBPSG and should be used by valuation authorities, councils and valuers for the remainder of the 2019 general valuation cycle.
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, Fire Services Property Levy Act 2012 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 3.1 million rateable and leviable properties were valued by the valuation authority (Valuer-General or council) at $2.29 trillion as of 1 January 2019.
This compares with $2.30 trillion in 2018 and $1.85 trillion in 2016.
The latest figures on the value of rateable and leviable properties are the result of Victoria's annual revaluation.
This table sets out the 2019 revaluation outcomes (Excel, 1.8 MB)
This table sets out the 2018 revaluation outcomes (Excel, 3.3 MB)
This table sets out the 2016 revaluation outcomes (Excel, 41.4 KB)
This table sets out the 2014 revaluation outcomes (Excel, 43.0 KB)
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.
A recipient of a land tax assessment notice can lodge an objection based on a valuation on the grounds listed in Section 17 of the Valuation of Land Act 1960. Objections to the valuation given on your land tax assessment notice are to be lodged with the State Revenue Office.
What if I don’t agree with the valuation on my council rates notice?
If a ratepayer disagrees with a valuation on a council rates notice they can object by completing the prescribed form within two months of the date of issue shown on the rates notice. Objections received after this date will not be considered. The objection must be lodged with the council that issued the rate notice. It is recommended that the ratepayer first contacts their council to discuss their concern before lodging an objection.
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.
Page last updated: 14/02/20