Why has my valuation decreased while my rates have increased?

The revenue that Council needs for running the municipality is divided into the total assessed Capital Improved Valuation (CIV) of all rateable properties. This establishes a ‘rate in the dollar’ to be applied to each property. 

The result of this could be that your CIV has decreased but the rate in the dollar has increased by a higher proportion. This will result in an overall increase in the rates for those properties. 

Please note: Ensure you are not adding the Site Value and the Capital Improved Value together as this is a common misconception.