Owning a property

Property valuations

The Valuer-General of South Australia is the state's independent authority on property valuations and oversees all significant government property valuations and council rating valuations.

A database of all properties in the state is maintained, with property details updated from a range of sources, including local council development approvals and property inspection programs undertaken by the State Valuation Office. This database includes information about:

  • land use - eg residential, commercial or industrial
  • physical details about the land - including the size, construction and condition of improvements.

Every property in South Australia has its comparable value reviewed by the Valuer-General to determine the site value and capital value.

Property valuations may also be used to work out the rent payable by public housing and community housing tenants.

The reviewed valuations are provided to statutory authorities who use them to determine the rates and taxes to be charged.

Statutory authorities include:

  • local councils for council rates
  • SA Water for water and sewerage rates
  • Revenue SA for the emergency services levy and land tax.

Rates and taxes are calculated using either the site value or the capital value of the property.

The manner in which rates and taxes are levied by each rating authority is at the discretion of those authorities and one in which the Valuer-General has no involvement.

For further information on which value is being used to calculate your rates and taxes please contact the relevant rating authority directly.

Calculating property value

The State Valuation Office analyses all property sales throughout the state to determine if and where there has been any movement in the property market over the year.

Property values are calculated by comparing your property to similar properties that have been recently sold, with appropriate adjustments being made for any differences. Values are reviewed annually and your property value may change from year to year.

This annual valuation review takes into consideration:

  • property sales evidence and market movement trends
  • any new developments made to the property - eg a building extension.

Rural property values are assessed based on the recent sale prices of properties in the same area or in comparable areas.

A range of factors are taken into consideration when comparing rural properties, including:

  • the break-up of different land types
  • yields or stocking rates
  • rainfall averages
  • water systems.

Commercial and industrial property values are primarily based on the analysis of sales and rental data. Improvements, both those fixed to the land and made to the land, are included in the assessment of the property's capital value. Items not fixed to the land - eg machinery, and the value of the business are not included.

Find your property's valuation

Your property value is displayed on all rates notices received from a statutory authority - eg council rate notices, Emergency Services Levy or Land Tax notices and SA Water accounts.

Property values can also be retrieved using SAILIS property search - a fee applies for this information.

If you are having difficulty locating your property valuation contact the State Valuation Office.

Notional value

A notional value is the value of a property based on its actual use rather than the highest and best potential use.

An example of this would be if an owner's main place of residence is located on a large parcel of land that would be suitable for subdivision. The land's highest and best potential use could be to develop a group of units on the land. As long as certain criteria are met, the value for the potential of the land to be subdivided would be ignored when determining a notional value.

If your property is your main place of residence or is used for a business or primary production you could be eligible to have your property assessed at its notional value. There is an application 92.3 KB (138.1 KB PDF) process and additional information 92.5 KB (128.9 KB PDF) available to assist.

For more information contact the State Valuation Office.

Historical property valuation

Historical property valuation records are available to the public from the State Valuation Office for a fee.

When ordering an historical valuation either at the Land Services Counter or by phone, the following information is required:

  • nominated financial year
  • property location or certificate of title reference.

Fees can be paid by:

  • credit card – contact the State Valuation Office
  • cash, cheque, money order or credit card at the Land Services counter.

For further information phone the State Valuation Office on 1300 653 346.



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Page last updated 13 June 2017

Provided by:
Department of Planning, Transport and Infrastructure
URL:
http://www.sa.gov.au/topics/planning-and-property/owning-a-property/property-valuations
Last Updated:
13/06/17
Printed on:
25/06/17
Copyright statement:
SA.GOV.AU is licensed under a Creative Commons Attribution 3.0 Australia Licence. © Copyright 2016