The Valuer-General explains the difference between a Site Value and Capital Value

Video link: https://vimeo.com/1100521213?share=copy#t=0

What is the difference between a Site Value and Capital Value?

Site Value is the value of the land including site improvements such as:

  • draining
  • filling
  • retaining walls
  • excavating
  • grading or levelling of land
  • removal of rocks, stone, sand or soil
  • the clearing of timber, scrub or vegetation.

Site Values are used to determine:

  • Land Tax

Capital Value is the value of a parcel of land including improvements such as:

  • buildings and structures
  • wells, dams and reservoirs
  • planting of trees for commercial purposes

Capital Values are used to determine:

  • Council rates
  • Emergency Services Levy
  • Water and sewerage rates