As you are all probably aware council has issued its new valuations, once again with valuations way below their true worth. Council claim that part of the coastal strategy they became aware of the frustrations of increasing rates for properties that are unable to be developed (sensitive bunch) and have valued properties accordingly.
* Suggest you do a goggle search on real estate in our area and property values in the deemed "safe area" and see how much your property is really worth. Dont forget our land has already been rezoned as Low Density Residential - Restructured Allotments after the last "inappropriate subdivision label" and therefore able to be developed if you have a restructured block.
* To be also noted is at our recent meeting it was suggested if government approve the stategy and fund it, property owners should not expect "market value" more like our rate notices or less.
Although we have otherwise been informed that legally this would not happen and should they compulsory acquire our properties in the future the valuations would be in accordance with correct market value without the stategy effecting valuations - your judgement call on what avenue you would like to take.
For those of you who would like to object to valuations you need to fill in this form and submit it to council.... http://www.wellington.vic.gov.au/page/Download.asp?name=Lodging_a_Valuation_Objection.pdf&size=15483&link=../Files/Lodging_a_Valuation_Objection.pdf
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