Many City of Unley rate payers will be distressed when they receive their first rates notice for 2019-20.
Not I must say because of anything Council has or has not done. Their grief will be due to changes to the way their properties are valued by the Valuer General.
While Council looks set to strike a 2.1% increase, the rates you pay may not reflect this. Changes in property values could show a different picture. We could see rates increase or decrease by up to 50% and more.
In other words, changes both ways. Significant changes.
Yes. There will be winners and losers. Some rate payers will be paying more than they traditionally have. Some significantly more.
Others, on the other hand, will be paying less. Some significantly less.
I expect Council will wear the brunt of any anger that may occur. This, even though the Valuer General is accepting the responsibility.
You will be receiving the rates notice from us. You must pay us. Many don’t recognise the value of your property is not set by Council, but by the Valuer General.
Concerned about the significance of the changes, the Valuer General briefed Council last week.
The Valuer General have advised they will be writing to all those property owners whose valuation will increase by 15% or more. There will be many however under this threshold that won’t know until they receive their first rates notice.
This is all (would you believe) due to an attempt to make the valuation of properties fairer. The Valuer General is changing how they calculate the property value. Factors not previously considered will now be used when assessing a property’s value.
These changes will affect mainly commercial properties, not residential properties. I expect therefore that changes in residential property rates thankfully will be minimal.
A fairer system of valuation that will not be seen that way this year.