Letters are expected to arrive in mailboxes this week telling residents how much their property is worth.
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These are the notices of valuation on which council rates are based.
Landowners have just 30 days to object to the valuation.
The notices of valuation were officially sent on Tuesday and the government expects, subject to the postal service, deliveries should start from later this week or early next week.
The unimproved capital values are calculated by the NT Government, basically by doing a desktop analysis on any recent property sales in the area.
Many people believe values across the town have fallen across the town because of PFAS contamination fears and a class action against the Defence Department in largely based on that.
But some residents have already been told to expect little change in their valuations from that estimated three years ago.
Any objections to the valuations are to be lodged with the Valuer-General, not Katherine Town Council.
The notices sent this week contain information about the objection process.
After the 30 days is over, the "valuation roll" is presented to council on which it will base next year's rates.
The government does not set or levy rates.
The UCV (unimproved capital value) identifies the amount land alone would be expected to sell for without any encumbrances or improvements (i.e. dwellings, sheds, pools etc.).
UCVs are determined by considering similar sales in the market, observed trends, supply and demand, and the land's current use and zoning.
The 2019 Katherine revaluation includes analysis of sales prices that occurred within the Katherine locality between 2016 and 2019.
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