Interim Notices may be issued for a variety of different reasons, including, but not limited to:
- Your land has been subdivided or amalgamated;
- The original property is now a strata of units;
- The completion of a new building;
- Additions to, or demolition of existing buildings;
- The valuation used on your rate notice was not up-to-date.
In the case of a new subdivision, the property needs to be re-valued by the Valuer General's Office. Once completed, interim rates will be levied and a copy of the Interim Notice will be sent to any settlement agents involved at the time.
The City receives Schedules of interim valuations from the Valuer General every 14 days for GRV properties and once a month for UV properties. All new and amended property valuations are actioned and the Interim Rates notices are issued to whoever is the property owner on that date. The City stops processing the interim rates around April each year and resumes in September. This stop is necessary to allow the City to finalise the end of year processes and levy new financial year's rates and charges. Any applicable adjustments will be backdated to effective date as advised by the Valuer General Office.
If the City is aware that a property has a pending sale or settlement e.g. for a newly subdivided lot, a newly strata titled unit, or a new building completed before sale has taken place, a copy of the Interim Rate notice will be sent to any settlement agents involved at the time. Settlement agents are quite often holding monies in trust to pay rates. You will need to contact your settlement agent if this is the case.
Find out more about appealing your interim rates, if you believe your Basis of Valuation (Gross Rental Value) is incorrect.