Burnett residents have been urged to check their land valuations carefully as they are basis for taxation.
Member for Burnett Stephen Bennett has advised landowners to carefully review their valuation notice and consider if they should lodge an objection against their new valuation by the closing date of 16 May 2023.
“New valuations have been undertaken in the Gladstone Local Government area and these should reflect the property market on 1st October 2022, the date of the valuation,” he said.
“The Gladstone Region has seen an almost 70 per cent valuation increase in Primary Production land in the latest review.” *
Mr Bennett said the new valuation will take affect from 30th June 2023 for rating, land tax, and state land rental purposes.
“I am aware of some landholders who have saved considerable sums of money on their local government rate bills by successfully objecting to an incorrect valuation,” he said.
The objection must be properly made within 60 days of the date of the issue of the valuation.
At least one of these grounds of objection must be provided along with supporting information:
- Check your land classification and allowances are correct.
- Sales evidence supports a different value. (ie) specific details of comparable property sales and explain how each sale property compares to the valuation of your land. Comment can be made on the attributes of the sale property as compared to those of your property.
- Physical characteristics or constraints on the use of the land support a different value.
- Other issues which may affect the valuation.
- Deduction for site improvements (DSI) – For land valued using site value only.
Objections can be done online or for those landholders without internet access an objection kit that includes a step-by-step guide and form is available by phoning 1300 664 217.
Valuation objections must be lodged by 16 May 2023 on the Notice of Objection Forms which are available from local DNR offices or at https://www.qld.gov.au/environment/land/title/valuation/objections
* GLADSTONE SHIRE COUNCIL Land valuation update 2023 https://qldgov.softlinkhosting.com.au/liberty/opac/search.do?mode=ADVANCED&sortDirection=ASC&timeScale=ANY_TIME&corporation=DERM&sortField=relevanceRanking&action=search&anonymous=true&queryTerm=landval&includeNonPhysicalItems=true&operator=AND
ENDS.
28/03/2023