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Revaluation

Revaluation is the process by which all rateable properties in a local authority area are valued at the same time, by reference to the same valuation date. This results in a more equitable distribution of commercial rates among ratepayers.

Revision

Revision applications (Listings) for valuations arise from a “Material Change of Circumstances” to an existing commercial property such as an extension, a subdivision or an amalgamation of two or more properties or the completion of a completely new commercial property.