What is Unimproved Value (UV)?
Through the Valuer-General, Landgate provides fair, accurate, and consistent land values for rating and taxing purposes. Landgate conducts land valuations annually for UVs using a date of valuation of 1 August from the previous year.
Unimproved Value, or UV, is the value of land only. It does not include the value of your home, other structures or improvements. For land within the metropolitan area and within regional townsites the UV does include merged improvements such as drainage, levelling and filling
Landgate provides unimproved values to the Office of State Revenue who determine which properties are subject to land tax. UVs are also used by some local councils for rating purposes.