All properties within the Hobart municipal area are valued (Land Value, Capital Value and Assessed Annual Value) in accordance with the Land Valuation Act 2001. The Government Valuation Office undertakes valuations for this Council.
Rates on properties within Hobart are calculated by multiplying the Assessed Annual Value (AAV) of the property by a rate of cents in the dollar.
The AAV of a property is the estimated yearly rental value of the property.
If you do not agree with the AAV of your property an objection may be lodged with the Office of the Valuer-General. The lodgement of an objection does not alter the requirement to pay rates when due.
Land value is the value of the property excluding all visible improvements such as buildings, structure, fixtures, roads, etc.
Capital value is the total value of the property and includes the land value.
If you are contemplating any change or alteration to your house, including extensions, demolitions or even building a new house, an important step in the process is to find out whether your proposal requires Council planning, building or plumbing approval prior to the commencement of work.
The Government Valuation Office undertakes revaluations for any change or alteration to your property. Once Council has been notified of these changes and approval given, the Government Valuation Office will be notified to revalue the property and an updated rates notice will be issued.
