Victoria Valuation Roll Objections

JOBURG ACCOUNT QUERIES are your service providers to advise you on the Valuation Roll and objections thereto on Victoria properties.
In early 2018, the Valuation Roll of the COJ will be published for each property and Sectional Title in Victoria. Every property in Victoria will be issued with a value and a category. This will determine the Assessment Rate debits in Victoria for the next 5 years.
It is therefore important that you make sure about the correct value and category as, often, incorrect debits can not be retrospectively corrected in Victoria.
It is therefore important that you request a short opinion where the following questions must be answered in Victoria:
1. What is the use of the property in Victoria.
2. What is the category of the property per the Valuation Roll in Victoria.
3. What do you say is the value of the property as at 1 July 2017 in Victoria. The following guide lines may be helpful in Victoria:
3.1 What will your selling price be if you sell the property in Victoria.
3.2 What were the last selling price of the property and what as the date of sale in Victoria.
3.3 What were the selling prices of neighboring properties and how do they compare to your properties in Victoria.
4. Commercial properties in Victoria are valued on
4.1 comparative sales in Victoria;
4.2 rental income, less maintenance costs, agents commission and a factor for vacancy multiplied by a return on capital factor;
4.3 development costs.
The Account Specialists of VICTORIA ACCOUNT QUERIES can assist you to advise you on your property valuation or refer you to a registered valuator.