Wednesday, 1 June 2011

Do you have QLD property . Double check new Valuation online

QLD property Double check new Valuation online free until 1st August 2011

This year the QSVS re-valued all 58 rateable local governments in Queensland

source : Matusik Missive

This year the QSVS re-valued all 58 rateable local governments in Queensland (as at 1st October 2010), with over 1.6 million valuations undertaken, scheduled to take effect from 30th June 2011 for local government rating, state land tax and state land rental purposes.

The floods and extraordinary weather in December and January delayed the valuation results until late month, giving time for the weather impact to be taken into account in each of the state’s 41 disaster areas.  Some 23,000 flood-affected properties were re-valued.

The valuation process also changed aligning us with the rest of Australia.  Site value is now used rather than unimproved value assessment for all non-rural land.  Site value is the amount which land could be expected to sell for, without any structural improvements, such as houses, buildings or fences.  

A site valuation includes site improvements to the land, such as clearing, filling, revetments, levelling, drainage works and remediation – whereas unimproved value assessments do not.  Excavations associated with a building, however, are not included; nor are intangible elements such as infrastructure credits.

But since their release, complaints began to surface – mostly about the degree to which values have risen and especially in those areas rated only a year or so ago.  

 The protests have been so widespread that we decided to take a closer look.

2011 annual valuation

On 3 May 2011, the Valuer-General, as head of the State Valuation Service, issued annual Valuation Notices to more than 1.6 million landowners across all 58 rateable local governments in Queensland.
The statutory land valuations were issued using the site value methodology to value non-rural land, and the unimproved value methodology to value rural land.
The statutory land valuations are used by:
  • local governments as a basis for levying rates
  • the Office of State Revenue as a basis for levying land tax where appropriate on freehold land
  • DERM for calculating State land lease rent
To assist landowners to understand and compare the valuation movements across local government areas and values in their own locality, the Valuer-General’s 2011 Market Trends Report, the online valuation list and market trends table provide valuation information.
The release of the 2011 annual valuation was delayed to take into account the effects of the extreme weather conditions in Queensland during December 2010 and January 2011 on land values across the State. For more information about the impact of these extreme weather events on statutory land valuations, please refer to these frequently asked questions.
Landowners who disagree with their new statutory land value or believe it is incorrect, may lodge an objection (which must include supporting evidence) within 60 days of the date of issue of the Valuation Notice. The objection period for annual valuations issued on 3 May 2011 ends on 4 July 2011.
Landowners who have been severely impacted by the extreme weather events in Queensland in December 2010 and January 2011 should contact their local DERM business centre for assistance and advice regarding their land valuation and objection process in regard to permanent damage to their land.
The 2011 annual valuation program was undertaken in accordance with the Land Valuation Act 2010, the Statutory Valuation Procedures and Practices Manual, and the Valuer-General’s Quality Assurance Framework. You can view these reports from the  Valuation resource centre.

other cool links maps :

smart maps

No comments:

Post a Comment