What do the different valuations on my rates notice mean?

Site Value (SV)
The value of land only (please note that the Site Value (SV) is included in the Capital Improved Value (CIV).

Capital Improved Value (CIV)
The value of land plus all improvements such as buildings, garages, pools, tennis courts etc (this Valuation is used to calculate your rates).

Net Annual Value (NAV)
This reflects the annual rental value (residential properties reflect 5% of the CIV, commercial and industrial properties reflect the average annual rental amount).

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What do the different valuations on my rates notice mean?

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