The State Valuation Office is responsible for making property valuations.
Councils can adopt one of three valuation methodologies to value the properties in their areas:
* Capital Value - the value of the land and all the improvements on the land.
* Site Value - the value of the land and any improvements which permanenty affect the amenity of use of the land, such as drainage works, but excluding the value of buildings and other improvements.
* Annual Value - a valuation of the rental potential of the property.
The Rural City of Murray Bridge uses Capital Value as the basis for valuing land within the Council area. The Council considers that this method of valuing land provides the fairest method of distributing the rate burden across all rate payers because property value is considered a reasonable indicator of income and capital value, which closely approximates the market value of a property and provides the best indicator of overall property value.
Council's Senior Finance Officer Rates can answer any other questions related to Council's use of the property valuation but Council plays no role in the process of considering an objection to a valuation.
State Valuation Office
101 Grenfell Street (GPO Box 1354)
ADELAIDE SA 5001
Phone: 1300 653 346
Facsimilie: 08 8226 1428