21 local government areas to receive new land valuations in 2020
Landowners in 21 Queensland local government areas (LGAs) will receive new land valuations in March 2020.
Queensland’s Valuer-General Neil Bray said the LGAs receiving new valuations were Banana, Brisbane, Bundaberg, Burke, Cassowary Coast, Cloncurry, Flinders, Fraser Coast, Gold Coast, Goondiwindi, Hinchinbrook, Livingstone, Mackay, McKinlay, Mount Isa, Richmond, Rockhampton, Scenic Rim, Torres, Townsville and Winton.
“The decision to value these LGAs follows extensive consultation with councils, local and industry stakeholder groups, consideration of property market survey analysis and the last year in which these areas were revalued,” Mr Bray said.
“The 2020 annual land valuations program will involve approximately 825,000 properties, representing approximately 48 per cent of Queensland’s Valuation Roll.
“Valuations are issued annually across the state, except in unusual circumstances or where it is determined there has been insufficient market movement in a local government area to warrant a new valuation.
“In LGAs where new valuations are not issued in 2020, the most recent annual valuation will remain effective for rating, land tax and state land rental.”
When undertaking the market surveys, Queensland’s State Valuation Service has looked at a number of factors including property sales to determine if market movement has occurred since the last annual valuation.
“Other issues considered include the impact of natural events, the state of the economy, the effects of the resources sector, commodity prices, planning and zoning changes, and population growth,” Mr Bray said.
“It is important to remember that the market survey analysis provides an overview of property market trends throughout Queensland and may be subject to change as further valuation analysis is undertaken for the annual valuation program.
“Valuations are determined as at 1 October 2019, and become effective for council rating, state land tax and state land rental purposes (for leasehold land) as at 30 June 2020.”
Landowners should remember that 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 sign up to receive their next land valuation notice and the 2020 Valuer-General’s property market movement report by email by visiting the Land Valuations website at www.qld.gov.au/landvaluation.
Contact: DNRME Media
Last updated 18 October 2019