Capital Improved Value definition

Capital Improved Value has the meaning it has in the Local Government Act.
View Source
Capital Improved Value means the sum which land, if it were held for an estate in fee simple unencumbered by any lease, mortgage or other charge, might be expected to realize at the time of valuation if offered for sale on any reasonable terms and conditions which a genuine seller might in ordinary circumstances be expected to require;
View Source
Capital Improved Value means the market value of a property and is measured at the end of the year and includes all valuation adjustments (e.g. supplementary valuations)
View Source

Examples of Capital Improved Value in a sentence

  • It is intended that the valuation could be substantiated by a recent contract of sale for the property, a rates notice that identifies the Capital Improved Value, or a bank or independent valuation, where the valuation was undertaken within the last 12 months and consistent with existing precedent in jurisdictions.

  • The Council uses the Capital Improved Value of your property to calculate the General Rate component of your rates.

  • Assess No. Rating Year Issue Date Valuation Operative Date Area A19250 1/7/2022 - 30/6/2023 19/8/2022 1/7/2022 4046 m2 Description and Location of Property Site Value Capital Improved Value Net Annual Value RATING DETAILS CIV RATE IN $ CURRENT ARREARS TOTAL RATES AND CHARGES $1,004.71 $0.00 The Fire Services Property ▇▇▇▇ is collected for the Victorian Government.


More Definitions of Capital Improved Value

Capital Improved Value has the meaning it has in the City of Melbourne Act.
View Source