Of VBPMaking the most

Connie Spinoso and Terry MaguireValuer-General Victoria

Overview

• Uses for valuation data

• Benefits of mapping

• Revaluation Outcomes 2006

• Revaluation issues including GTCs,

objections and supplementary valuations

Valuation Data Close Up

• What do you get as part of the Valuation Process?

63 common data elements, updated every 2 years

Accurate and timely valuations, independently audited by VGV

Land Classification Codes on each property Quality and Condition codes A marketable and useful database when data is

properly collected

Valuation Data Close Up

• What can you do with this data?

Strategic Planning Property Type analysis Valuation mapping Rate modelling (testing scenarios) Spatial Analysis of objections Communication materials/strategies

Spatial Data

• VICMAP – A partnership between Local and State Government

Councils provide changes/updates to State Government (via M1 and M2 forms)

State Government manages the spatial data model and pays for maintenance/updates

Revised map bases are provided back to Councils at regular intervals

• VICMAP provides statewide coverage of

Property and Parcel boundaries Roads and Address points Planning Scheme

Spatial Data

• VICMAP – Backbone of council systems

Many council processes are spatially based Valuation Best Practice encourages mapping

of valuations to identify anomalies early in the process

Mapping lends itself to all Council departments – planning, animal registration, route planning for garbage collection

Saves time and money

Mapping Demonstration

Queenscliffe Maps

Mapping – Statewide Outcomes

Mapping – Statewide Outcomes

Revaluation Issues

• Valuer-General Victoria Achievement Award 2006 for Leadership in VBP

• Valuation of Land Act Amendments - Update

• Tendering for 2008

• 2006 Valuation Objections

• Supplementary Valuations

Questions

• Further Information

Connie SpinosoManager Spatial Information8636 2580

Terry MaguireManager Certification8636 2570