Office of the Valuer-General

Role | Service Provider | Statutory Revaluation Schedule

Role

The Office of the Valuer-General is responsible for:

• providing statutory valuations as required under the Valuation of Land Act;
• providing expert advice to Government with regard to land and property valuation;
• ensuring a range of valuation services is available to support Government operations;
• providing leadership to the valuation industry and profession; and
• maintaining valuation records and information that can be used to generate statistics for Territory and Commonwealth purposes.

Service Provider

The NT Government has used the services of the Australian Valuation Office (AVO) to provide the Office of the Valuer-General and all valuation services since self-government in 1978.

A new 5-year agreement was established with the AVO in July 2004 and provides for annual performance reviews by a Client Reference Group.

Land Information manages the Agreement and funds the Office and all statutory valuation services. 

Commercial and asset valuation services (eg  to provide sale prices of land, current value of assets) are carried out for NT Government agencies on a “user pays” basis.

Northern Territory Government Agencies only - How to obtain a valuation

Statutory Revaluation Schedule

All land in rateable areas, such as local governments, is revalued on a triennial basis.  The new values are used by most local government authorities to calculate rates.  Between revaluations, all new parcels of land resulting from subdivision are also valued as the titles are issued.  All valuations and revaluations are adjusted back to a specific triennial reference date, which is 1 July in the year the revaluation is carried out.  The new values are then available to apply to rates and charges from 1 July in the following year.

The revaluation schedule for coming years is:

 

2005/06	Darwin, Palmerston and the Darwin Rates Area will be revalued as at 1 July 2005
2006/07	Alice Springs, Litchfield and all Pastoral properties will be revalued as at 1 July 2006
2007/08	Katherine, Tennant Creek, Jabiru, Nhulunbuy and Coomalie will be revalued as at 1 July 2007