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Land Valuations Out: Act Now or Pay More

Land Valuations Out: Act Now or Pay More

Queensland landholders face potential hikes in council rates and state land rent as new land valuations are issued.

The Valuer-General’s recent release of land valuations for 20 local government areas across Queensland has put landholders on notice. Reflecting values as of October 1, 2023, these valuations will come into effect from June 30, 2024.

Rising Values, Rising Concerns

In regions like Banana, Barcoo, and Bulloo, primary production values have surged by up to 250%, with increases also notable in Central Highlands, Diamantina, Longreach, and Winton. These rises signal a potential shift in the financial landscape for landowners.

Time to Speak Up

AgForce CEO Michael Guerin stresses the importance of landholders voicing any objections promptly. With objections due by May 27, 2024, the window for action is limited. Guerin highlights the significance of unimproved values in determining council rates and leasehold rents, underscoring the need for accurate figures.

The Objection Process

John Moore, AgForce’s valuer, emphasises that rectifying valuation errors falls on the shoulders of landowners. As valuations are based on mass appraisal, individual discrepancies may occur, making it crucial for landholders to lodge objections if they believe their unimproved values are inaccurately high. Moore urges prompt action, as the deadline looms.

Taking Action

Landholders with objections can submit them online or via mail by the specified deadline. For those needing guidance, AgForce offers free workshops to aid in valuation assessment and objection procedures, providing valuable support in navigating this crucial process.

In the face of escalating land values, Queensland landholders must act swiftly to ensure fair assessments and avoid potential financial burdens. With the deadline fast approaching, the time to act is now.