Land valuations
How is the value of my land assessed?
Annual valuations for land tax are made by the Valuer General, based on the value of your land on 1 July prior to each land tax year. These valuations are separate from those made approximately every three years for local government rating purposes. Up to 2006 you were assessed using the annual valuation. This was called the adjusted land value.
From the 2007 tax year onwards, the taxable value of each parcel of land you own will generally be determined by the average of the land value for the current tax year and the land values that applied for the two preceding tax years. If the land is less than three years old, the average of the years available is used.
Strata unit valuations
For strata units, the land value for each individual strata lot is calculated on a proportional basis, using the unit entitlement for each lot and the aggregate for the strata scheme.
- What if I disagree with the valuation of my land?
You may object to the land valuation used in your land tax assessment by writing to the Land and Property Information within 60 days of receiving your notice of assessment.
Read more information on how to submit an objection to a land valuation on the Land and Property Information website.
Note: if you are objecting to your land valuation you will still need to pay your land tax or you may be charged interest on any outstanding liability.
- Where can I find more information about valuations?
Landowners can find out more, or request a land valuation brochure and a general valuation sales report by contacting the Land and Property Information.
