Understanding your property's gross rental revaluation
The next revaluation of City of South Perth properties will come into effect on 1 July 2023 and could change the amount you pay in rates.
Local governments use gross rental valuations set by Landgate to calculate rates. Gross rental value (GRV) is an estimate of how much your property could earn each year if it was rented out.
When calculating your GRV, Landgate consider a variety of factors, including:
- location
- age and size of the property
- extra facilities (including carports or below ground pools)
proximity to services (schools, public transport, shops, main roads etc.)
Landgate revalue properties in the metropolitan area every 3 years. Revaluation can result in an individual ratepayer’s bill going up, going down, or staying around the same.
How is GRV used to calculate rates?
The rates you pay are calculated by multiplying the City’s rate in the dollar by the GRV of your property. Council set the rate in the dollar as part of the budget each year. The rate in the dollar is the amount calculated by the City to meet its rate revenue budget requirements.
Rate in the dollar x GRV = the rates you pay
Using GRV is a consistent way for everyone who pays rates to contribute to services, programs and infrastructure that help our community.
What if I don’t agree with my GRV?
Property owners have the right to object to the valuation provided. Please visit Landgate’s website to read more about lodging an objection.
More information
To find out more about rates in the City of South Perth, visit our About My Rates page.
For more information on GRV and how it is determined, visit the Landgate website or watch the below video.
