Focus: 2012 annual land valuation - opportunity
to object
Services:
Property & Projects
Industry Focus:
Property
The brief window of opportunity to lodge an objection to your
2012 annual land valuation will close on 28 May 2012.
By now you should have received your new land valuation issued
by the Valuer-General on 28 March 2012 under the Land Valuation
Act 2010. If you have any concern that your valuation is
incorrect, particularly if there has been an increase from last
year's valuation, you must act now to preserve your rights.
Valuation methodology
Valuations are driven by market value. For rural land,
"unimproved value" which assumes land is in its natural
state without improvements is considered. For non-rural land, it is
"site value" which takes into account site improvements
such as filling, clearing, rehabilitating, retaining or preparing
the land for development.
