All valuations are based on the highest and best potential use of the property (if there is a single house on the land but zoning would allow it to be divided for home units, then consideration is given to the value the land would achieve if sold for units).

However, there are instances where valuations made for rating and taxing purposes have regard to the 'actual use' of the property.  In these cases the land is used solely as the owner's principle place of residence (home), or is genuinely used for the business of primary production, or is an item on the State's Heritage List.

If you believe your property falls into one of the above categories and its actual use would result in a lower value than the alternate use, you should write to the State Valuation Office outlining  your case.  If your property has been given a 'notional value' because of actual use - and your circumstances change - then you must notify the Valuer-General within 28 days.