Understanding Site Value vs Capital Improved Value in Victoria
In Victoria, understanding the distinction between Site Value and Capital Improved Value (CIV) is essential for property owners, especially when reviewing council rates notices, planning developments, or managing land tax obligations. These valuation terms reflect different aspects of your property’s worth and are applied in various government calculations. This article explains the meaning of Site Value and Capital Improved Value in VIC, how they are assessed, and when each is used in legal, financial, and planning matters. What Is