Annex B: Comparison between existing revaluation/appeals schedule and illustrative schedule in the reformed system
Figure 2 seeks to illustrate the key milestones of the existing five-yearly revaluation and appeals system, compared to an illustrative schedule for the reformed appeals system in the context of three-yearly revaluations.
The dates and deadlines under the proposed new system in Figure 2 fall within those discussed by the group, but are purely illustrative here. Specifically, it assumes that draft RV are issued in December 2021 and revaluation proposals can be lodged by 30 June 2022 if the RV on 1 April 2022 is the same as the Draft RV, and until 31 July otherwise.
Based on precedent in the 2017 revaluation, 2022 revaluation appeals would commence in January 2023 if the current system were to continue. It assumes that under the new system, proposals will start being heard in September 2022 – providing Assessors with one to two months to issue PDD, and that appeals will start being heard from October 2022.
Figure 2 shows that under the existing system, it takes three months for VAC to start hearing appeals from the end of the lodging period for appeals, but assumes it will only take Assessors two months to do so for those RV that did not differ from draft RV, and one month otherwise. This is based on historic practice where appeals do not tend to be cited before the new calendar year following revaluation, and under the illustrative system assumes that for the majority of PTO, the deadline for lodging an appeal will be 30 June 2022. It also takes into account the economies of scope that should be achievable by the fact the Assessor rather than the VAC Secretary will set the PDD.
Finally, the table assumes a disposal date for proposals of 30 September 2024 and of appeals in December 2024, ensuring that all revaluation appeals are disposed of before the next revaluation.
Figure 2: Comparison between existing revaluation/appeals schedule and illustrative schedule in the reformed system