40 rateable local government areas to receive annual land valuations in 2016

More than one million landowners in 40 of Queensland’s 78 rateable local government areas (LGAs) will receive new land valuations in 2016 under the Land Valuation Act 2010.

Valuer-General Neil Bray said LGAs receiving new valuations were Aurukun, Banana, Brisbane, Burdekin, Cairns, Central Highlands, Cherbourg, Cloncurry, Cook, Doomadgee, Douglas, Fraser Coast, Gladstone, Gold Coast,  Hope Vale, Isaac,  Kowanyama, Lockhart River,  Lockyer Valley, Mackay, Mapoon, Moreton Bay, Mornington, Mount Isa, Napranum, Northern Peninsula Area, Noosa,  Palm Island, Pormpuraaw, Redland,  South Burnett,  Sunshine Coast, Torres Strait Island, Toowoomba, Weipa, Western Downs, Whitsunday, Woorabinda, Wujal Wujal and Yarrabah.

“The decision to value those LGAs follows consultation with councils, local groups and industry stakeholders and an evaluation of property market survey reports. In LGAs where new valuations are not issued in 2016 the most recent annual valuation will remain effective for rating, land tax and state land rental purposes until the next valuation is undertaken,” he said.

Mr Bray said when undertaking the market surveys, valuers considered property sales since the last annual valuation was made and the predicted movements that this market evidence has had on the value of land.

“Other issues considered include the impact of natural events, the state of the economy, the effects of mining, planning and zoning changes, commodity prices and population growth,” he said.

“It should be noted that the market survey analysis provides an overview of property market trends throughout Queensland. It is a preliminary assessment of property trends throughout Queensland and may change as further valuation analysis is undertaken for the annual valuation program.”

Mr Bray said that under the Land Valuation Act 2010 valuation notices have to be issued no later than 31 March in the year in which the annual valuation is to take effect.

“The valuations will be determined as at 1 October 2015, and become effective for rating, land tax and state land rental (for leasehold land) purposes as at 30 June 2016. Land valuations are just one of the factors taken into account by local councils when they prepare their annual budget and set rates to pay for the services they provide to their community.”

Queensland landowners can now sign up to receive their next land valuation notice and the 2016 Valuer-General’s property market movement report electronically by visiting the Queensland Government website – https://www.qld.gov.au/environment/land/title/valuation/change-details/.

More information about land valuations is available at www.dnrm.qld.gov.au. Follow Land Queensland on Facebook – facebook.com/LandQueensland and Twitter – twitter.com/LandQueensland                                         *


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