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Rick, The VG Valuation will always be out of date and probably a little conservative but still a useful starting point. However, if the VG's valuation is 12 months old and you know prices have moved about 15% in the last 12 months then it gives you a useful ballpark figure. You make a good...

PHM, The Valuer General's Land Value usually appears on the first Quarterly Council Rate Notice as Rates and Environmental Management Levies are often tied to the Ratable Value. The Valuation Base Date will be the date the VG last valued the land but will still give you a useful guide...