Changes to Property Valuation Explained
Every three years property Gross Rental Values (GRV) are reviewed and updated values are provided to the Local Governement Authority by Landgate. The last revlaution of GRVs occurred in 2017/18 and was based on 2015 data. The next revulation year is 2020/21.
Revaluation for properties rated on the Unimproved Value (UV) are rated every year.
Should you have any questions or queries specifically regarding your Gross Rental Value or Unimproved Value, please go to the Landgate website or contact them direct on (08) 9273 7373.