Supplementary Valuation

A Supplementary Valuation is a property valuation performed between general valuations.

A supplementary valuation is required where a property is:

  • physically changed - for example, when buildings are altered, erected or demolished; or
  • amalgamated, subdivided, portions sold off, rezoned or are affected by road construction.

Supplementary valuations bring the value of the affected property into line with the general valuation of other properties within a municipality. Values are assessed at the same date of the general valuation currently in use.

Related Pages

External Links & References

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