Council can only increase total rates by the percentage increase allowed by IPART. Land valuations are separate from the SRV. The valuation of your property only affects your share of the total rates levied by Council. So, if your land value increases by more than the average increase in your rating category (farmland, residential or business), the amount of rates paid by you will increase, if your land value increases by less than the average the amount of rates paid by you will be less.