Property valuation and rates

Your rates notice lists multiple valuations that are used in a variety of ways to determine your rates and levies. The main valuation figure is the capital improved value (CIV).

How to read your rates

Value

Your property value is updated each year by the Victorian Government Valuer-General Victoria. We are not responsible for setting your rates. 

The value shown on your notice is the value of the property at 1 January of this year.

How value affects rates

Although the CIV for your property is used to determine the amount due for general rates, only a large rise or fall in your property value, relative to other properties in Banyule, will affect the amount you pay. 

Objecting to your value

You have until 5 October 2026 to lodge an objection if you believe that your valuation is incorrect

The Victoria Government valuation objection portal allows you to object to the amounts shown on your valuation and rates notice.

We will check your submission first for accuracy. It will then be sent to a valuer for review.

Your property valuation is based on its value at 1 January of the current year, the valuation date set for our rating cycle. It is not intended to represent the property's current market value. Property prices may have increased or decreased since that date.

Before you begin, you will need:

  • your council valuation and rate notice
  • assessment or property number
  • site value of land
  • value of building(s) and land (known as the capital improved value)
  • net annual value (a minimum of 5% of the capital improved value), and
  • issue date.

Submit your objection in the portal

You can object to a residential or commercial valuation online with the Valuer-General Victoria.

This process can take up to 4 months, and does not suspend your rates owed in the interim.

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