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 where 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.
- 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 Department of Lands within 60 daysof receiving your notice of assessment.
Read more information on how to submit an objection on objecting to a land valuation on the Department of Lands website.
More information
