The Valuer General supplies land values to councils to use in setting rates. Councils receive new land values for rating every three years.
From 1 July 2017 all councils will use 1 July 2016 land values for rating.
When a council receives new land values for rating, the Valuer General provides the landholder with a Notice of Valuation to advise them of the new land value. This ensures the landholder has the opportunity to consider the land value before it is used in the calculation of their rates.
The regular issue of land values ensures changes in the local property market are reflected in the councils' rates model, helping to ensure fairness and equity for ratepayers.
Fluctuations in land values do not necessarily lead to similar changes in rates. Rates depend on each council's rating structure and the limits to increases set by the Independent Pricing and Regulatory Tribunal (IPART).
For information on the revaluation schedule prior to 1 July 2016, please view the Council revaluation schedule which sets out the land values provided to councils for rating up to 1 July 2015.
How are council rates calculated?
Councils calculate rates in one of three ways:
- a combination of the land value of the property and a fixed amount per property
- entirely on the land value of the property
- entirely on the land value but subject to a minimum amount.
If you want to find out how your rates are calculated you should contact your council. See the Local Government directory to find contact details for your council.
Fire and Emergency Services Levy (FESL)
From 1 July 2017, the Fire and Emergency Services Levy (FESL) will replace the current levy on property insurance. Your council will collect the FESL on behalf of the NSW Government alongside council rates. More information is available at www.fesl.nsw.gov.au or by calling 1300 78 78 72.
The alignment of all councils to a common revaluation schedule will ensure that the FESL is levied on a consistent basis across NSW.
On 12 May 2016 the NSW Government announced the amalgamation of a number of councils across New South Wales. For further information on new councils please visit www.strongercouncils.nsw.gov.au.