Valuations - does the City make more money when property values go up?

No, we don't collect extra revenue as a result of the revaluation process.

The total combined general rates remains the same. We determine rates by applying a rate in the dollar against the total value of the property.

When the total value of all properties increase, we adjust the rate in the dollar to compensate. There is no windfall gain in this process.

Page last updated: Thursday, 27 January 2022