Local Government Victoria is seeking feedback from the public regarding the application of a Valuation Averaging Mechanism.
The Final Report of the 2020 Local Government Rating Review recommended the Victorian Government consider the benefits of a Valuation Averaging Mechanism to mitigate the impact of significant changes in property valuations on rates.
Local Government Victoria (LGV) has written a Discussion Paper with modelling of the potential effects of a Valuation Averaging Mechanism. Local Government Victoria invites the public to help determine whether such a mechanism is beneficial.
The Local Government Rating Reform Project will collate, analyse, and evaluate the feedback based on responses to the questions accessed in the survey. These will be provided to the Minister for Local Government for final determination.