How is the GRV determined for land with no buildings?

For land that is undeveloped, a Gross Rental Value (GRV) is still determined by Landgate. As rental evidence cannot be used for this assessment, a statutory valuation of three per cent of the Unimproved Value is applied to properties designated as residential and five per cent for properties designated as non-residential.

These assessments are conducted in line with the GRVs generated from rental evidence and have the same date of valuation. This date is used by valuers to ensure a fair and equitable assessment is completed for all properties at a given point in time.

The diagram below represents the timeline of a GRV calculated every 3 years, which applies to the Perth metropolitan area and some WA regional local governments. Other WA regional local governments are assessed on a 3 to 6 year period, as deemed suitable by the Valuer-General.

The date of valuation (in this case 1 August 2015) is the date all properties within a local government area are assessed at. The effective date (in this case 1 July 2017) is the date the GRV is applied by local councils or other rating authorities. You can see how these apply to your rates notice.


This page was last updated on: 23 Oct 2019