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Property valuations determined as part of the annual General Valuation aim to reflect market value and are based on how the market has performed in the prior calendar year. The Date of Valuation is 1 January and valuations come into effect on 1 July each year.
There are approximately 922,000 properties in our state, each requiring a Site Value and Capital Value (including a number of occupancy assessments eg. an office building with many tenants). This is getting close to 1.85 million valuations determined by the Valuer-General every year and is constantly growing as our state continues to grow.
If you could physically inspect 10 properties per day, that would be 50 properties per week, or 2,600 per year – which is only 0.28% of all the property in the state! That would mean 352 valuers working round the clock – which is not only impossible, but not sensible or necessary.
Therefore, mass appraisal is the primary valuation methodology which identifies submarket groups which are then analysed using sales evidence to derive an annual index. Indexation occurs across submarket groups and is not applied to specific properties, rather the submarket group as a whole.
The below image illustrates the continuing cycle of the annual General Valuation through the sales and data collection and analysis process whilst values for the current financial year are in effect.
Your property's value can be found via:
A notice of valuation is delivered to a property owner on statutory authority notices, including Local Government, SA Water and RevenueSA.
A property owner or occupier has the right to object to the valuation and have the Valuer-General’s decision reviewed by an Independent Valuer (Review by Valuer) and the South Australian Civil and Administrative Tribunal (SACAT).