Review of Valuation Method Used for Rating Properties

Review of Valuation Method Used for Rating Properties within the Shire of Broome.

The Shire of Broome has a responsibility to ensure that rates are applied fairly and equitably across all ratepayers of 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 governments 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 ‘predominately for rural purposes’; or

•           Gross Rental Value (GRV) where the land is used ‘predominately for non-rural purposes’

 The determining factor is the use of the land. 

 At the Special Meeting of Council held on 23 July 2015, Council has considered public submissions received on proposed Differential Rates and Minimum Payments as part of the 2015/16 Annual Budget process.  At this meeting, Council resolved to establish a Chief Executive Officer’s Rates Advisory Group and requested a review of concessional properties.

All Ratepayers in 12 Mile, Coconut Well and properties with a Horticultural Land Use been sent a letter advising the intention to change the basis of valuation of their property from Unimproved Value (UV) to Gross Rental Value (GRV). Along with the letter a Land Use Declaration form has been sent, this is to be completed by the property owner to provided further information relating to current land use of the property.

Declarations are to be completed and returned to the Shire by 9th May 2016

If you do not return the declaration, it will be assumed that your land is used predominately for non-rural purposes and an application will be made to the Minister to request a change for your property to GRV.

Once consultation has been completed with the ratepayers, where necessary, Minister’s approval will be sought to change the method of valuation from UV to GRV.  Once the Minister has made a determination then valuations are sought.  Landgate has indicated that they may require up to 6 months to determine these valuations.

Any change in the basis of valuation be effective from 1 July 2017.

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