All Topics / Help Needed! / Land Value From Rates Notice

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of SandymanSandyman
    Member
    @sandyman
    Join Date: 2004
    Post Count: 16
    March 30, 2005 - 6:19 am

    I’ve read in a few places about checking the land value of a property by looking at the rates notice.

    How is this done?

    Is the rates amount a percentage of the land value or is there some formula used to determine this??[blush2]

    Thanks

    Sandyman

    Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714
    March 30, 2005 - 6:34 am

    Sandyman,

    Try this link – https://www.propertyinvesting.com/forum/topic/15615.html

    Profile photo of SandymanSandyman
    Member
    @sandyman
    Join Date: 2004
    Post Count: 16
    March 31, 2005 - 5:43 am

    Thanks Woodsman

    That was very helpful

    Regards

    Sandyman

    Profile photo of franciswfrancisw
    Member
    @francisw
    Join Date: 2004
    Post Count: 2
    March 31, 2005 - 6:43 am

    Your Rates Notice shows the Site Value of your property. I think this is the figure taken for calculation of Land Tax DUe.
    The Site Value, CIV (Capital Improved Value) and NAV (Net ANnual Value) are usually shown on the First Rate Notice for the Rating Year and is sent around August – September each year.

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.