Land Valuations for Primary Production Properties

Some properties within the District Council of Yankalilla that are used for primary production are eligible to be valued on a Notional Basis under the Valuation of Land Act 1971. This notional value is used for rating purposes and reflects the concessional treatment provided to eligible landowners.

What is a Notional Value?

The Valuation of Land Act 1971 (the Act) allows the Valuer-General to determine Notional Valuations for site value and capital value in certain cases where the criteria for their determination has been met.

Notional Values are best described as concessional values that have regard to the actual use of the land, rather than the more valuable best potential use of the land that would otherwise be considered in determining the site value or capital value.

There are two types of Notional Values, one for primary production and the other for residential.

Substantive Valuation Information

In accordance with section 22A(4) of the Valuation of Land Act 1971, land that is valued on a Notional Basis must also be valued as if the owner were not entitled to that concession. This alternative value is known as the Substantive Value and is determined by the Office of the Valuer-General.

What you need to know:

• If a ratepayer has applied to the Office of the Valuer General and been successful for Notional Valuation, Rates are calculated using the Notional Value
• The Substantive Value represents the value of the land if it were not receiving the notional concession
• Landowners whose property is valued on a notional basis may request their substantive value from Council for information purposes
• Council cannot provide financial advice, it can only inform whether a ratepayer is on Notional Value and what the Substantive Value (for 2025-26) would be if the land were not receiving the notional concession. This information is supplied to Council by the Office of the Valuer General.

Looking ahead – Rates Notices

From the 2026–27 Rates Notice, properties valued on a Notional Basis will be identified with a symbol or notation next to the property value.

The notice will also include links to:

• Local Government Association – Fact Sheet 4: Valuations
• Office of the Valuer-General – Notional Values – Concessional Property Values for Primary Production

More information

If you would like to know whether your property is on a Notional Value and request your substantive land value (if Notional), please contact Council.

Fo further information about Notional Values, refer to the Office of the Valuer General fact sheet linked below.

• Local Government Association – Fact Sheet 4: Valuations
• Office of the Valuer-General – Notional Values: Concessional Property Values for Primary Production