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REVIEW OF VALUATION METHOD
Posted on: Tuesday, 22 November 2016 at 3:34:13 PM
SHIRE OF MINGENEW
Review of Valuation Method used for Rating Purposes within the Shire of Mingenew
It is hereby advised that the Shire is undertaking a review of the method of valuation which is applied to properties within the district. Section 6.28 of the Local Government Act 1995 provides that the Minister for Local Government is responsible for determining the method of valuation to be used by local government for rating purposes. In determining the method of valuation the Minister is to have regard to the general principle that the basis for a rate on any land is to be:
? Unimproved Value (UV) where the land is used predominantly for rural purposes; or
? Gross Rental Value (GRV) where the land is used predominantly for non-rural purposes.
The determining factor is the use of the land.
In determining predominant land use all relevant factors will be taken into account, including the activity conducted on the land, any development on the property, income generated from or on the property and Local Planning Scheme restrictions. The extent of services provided is not a relevant consideration. The Department of Local Government and Communities has adopted a set of Operational Guidelines which provide a framework for local governments. These are available online at www.dlgc.wa.gov.au.
For further information please contact Nita Jane on 9928 1102 or email@example.com
Chief Executive Officer
22 November 2016
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