Some property re-classified under Victorian State Revenue Office changes

The Australian Valuation Property Classification Codes assigned to land, as part of a general valuation undertaken every two years, have seen a number of changes to apply from the 2014/2015 levy year.

These changes may alter the required rate of payment under the Fire Services Property Levy Act 2012.

“These include changes which will allow a supplementary valuation to be conducted where a change in occupancy affects the AVPCC allocated to land, and to make provision for the Fire Services Property Levy to be adjusted retrospectively where the allocation of the wrong AVPCC has resulted in the land use classification being incorrectly applied. These amendments will apply from 14 May 2014,” the State Revenue Office explains in their latest General Information Bulletin.