Property valuations and objections

The Valuer General Victoria (VGV) revalues your property every year. The value of your property determines your rates. Changes to your rates are based on your property value relative to the value of other properties in your area.

When property values are revalued, Council does not collect more in rates overall. Instead, the total amount is redistributed among property owners based on the new valuations. If your property value increases more than others, your share of the rates may go up. If it increases less, your share may go down. The total amount collected by Council remains the same.

We use property prices from 1 January 2026 to calculate rates for the 2026/2027 financial year.

There are 3 different valuations on your rate notice:

  • Site value: The land's market value
  • Capital improved value (CIV): The total value of the land plus buildings and other improvements
  • Net annual value (NAV): The value of a property's annual rental minus expenses. Expenses include land tax, building insurance and maintenance but does not include council rates. The net annual value must be at least 5% of the capital improved value.

Valuation changes

The average CIV increased by 2.9% in the 2026 General Valuation. These valuations were first used on 1 July 2026.

Rate valuation changes
Type or class of land 2025/26 2026/27 Change
$’000 $’000 $’000 %
Residential 52,070,680 53,555,825 1,485,145 2.9%
Commercial 2,495,425 2,570,255 74,830 3.0%
Industrial 1,364,013 1,394,538 30,525 2.2%
Farming 3,071,765 3,191,000 119,235 3.9%
Recreational / Cultural 47,450 48,750 1,300 2.7%
Vacant sub-standard land 14,705 12,486 (2,219) (15.1%)
Total value of land 59,064,038 60,772,854 1,708,816 2.9%

Supplementary valuations

We will conduct a supplementary valuation if there is a change to your property which results in a change to its value. These changes include:

  • construction of new buildings
  • additions to buildings
  • improvements such as farm sheds, swimming pools etc
  • subdivision or consolidation of land
  • realignment of property boundaries
  • change in land use.

Supplementary valuations are prepared each month to ensure our data is up to date and you are paying accurate and fair rates. You will receive a supplementary rate and valuation notice if your property has undergone any of these changes.

What if I don't agree with my valuation?

The Valuation Authority for Yarra Ranges Council is the Valuer General of Victoria (VGV). All valuations are completed by the VGV appointed valuation contractor.

Valuations used on your 2026/2027 rates notice were calculated based on market levels on 1 January 2026. Any changes in market levels since date will not be considered when evaluating any objection.

Lodge a Valuation Enquiry

Log an enquiry

If you believe your valuation or the fire services property levy classification is incorrect, you can lodge an enquiry to have your property reviewed within one month of issue.
Upon receipt of your enquiry, Council will forward it to the Valuers who are contracted by the Valuer General of Victoria (VGV) for Yarra Ranges Council.
Valuation enquires can take up to one month to be processed from the date they’re received by the Valuer.
The final date Valuation Enquiries will be accepted for the 2026/2027 Annual Notices will be 30/08/2026.

What happens to my valuation enquiry?

Once the valuation enquiry has been submitted, the VGV will assess your query and generally will get in contact with you within one month.
If the VGV recommends a change in your property’s valuation or AVPCC, Council will get notified of the change and issue a Supplementary Valuation and Rate Notice.

Please note this can take up to 3 months to process.

Lodge a Valuation Enquiry


Lodge a formal objection

You can lodge a formal objection with the Valuation Authority (Valuer General of Victoria) within two months of the issue date of your Annual Valuation and Rate notice.

The timeframe to object to valuations provided in your 2026/2027 Annual Valuation and Rate Notice closes on 30 September 2026.

Lodge a formal objection

When can I make an objection?

Your next opportunity to object will be:

  • when you receive your 2026/2027 Annual Valuation and Rate Notice, to be issued in July 2026 OR

  • if you receive a subsequent Supplementary Valuation and Rate Notice during the 2026/2027 financial year, you can lodge a formal objection with the Valuation Authority (Valuer General of Victoria) within two months of the issue date on the Supplementary Valuation and Rate Notice

To object to a Supplementary Valuation and Rate Notice you have received, please visit Victoria Government's Rating Valuation Objections Portal.

What grounds can use to make an objection?

You can object on the following grounds: 

  • that the value assigned is too high or too low
  • that the interests held by various persons in the land have not been correctly apportioned
  • that the apportionment of the valuation is not correct
  • that lands that should have been included in one valuation have been valued separately
  • that lands that should have been valued separately have been included in one valuation
  • that the person named in the notice of valuation, assessment notice or other document is not liable to be so named
  • that the area, dimensions or description of the land including the Australian Valuation Property Classification Code (AVPCC) allocated to the land are not correctly stated in the notice of valuation, assessment notice or other document.


What happens to my objection?

Once you have submitted your valuation objection, the Valuer General will seek confirmation from Council that your objection was submitted within the required statutory time frame. At this point Council will email you an update on the status of your objection.

The Valuer General's office has 4 months from the time you have lodged your objection to provide you with a response.

A valuer may wish to discuss your objection with you to make a decision.

You can appeal to VCAT or the Supreme Court if you are unhappy with the decision. Visit the VCAT Website for more information about lodging an appeal.