The 2022 Queensland Land Valuations were released yesterday, 31 March 2022.
You can find further information about your land valuation here
New valuations for properties in Queensland
The local government areas being revalued include:
Boulia, Brisbane, Bundaberg, Burke, Cairns, Carpentaria, Cassowary Coast, Croydon, Douglas, Etheridge, Fraser Coast, Gold Coast, Goondiwindi, Gympie, Ipswich, Livingstone, Lockyer Valley, Logan, Mareeba, Moreton Bay, Noosa, North Burnett, Redland, Rockhampton, Scenic Rim, Somerset, South Burnett, Sunshine Coast, Toowoomba and Townsville.
This is the first time most of these local governments have been revalued since the COVID-19 pandemic. The impact of the pandemic coupled with landowners dealing with the aftermath of the recent flooding in Queensland, increased construction costs, increased fuel prices, create an interesting scene with regards to the revaluation of properties in Queensland. How has the Valuer-General dealt with all of these influencing factors in the revaluation of your property?
Implications of increased land valuations
Landowners may receive new valuations for their property showing increases above the current valuation issued by the Valuer-General, which may result in an increase to your liability for rates and land tax.
Land tax assessment notices for the 2022-2023 year and will be issued during August this year. At this point you cannot object against the valuation of your land as there is only 60 days to object from the date of your Land Valuation Notice. The key is get your objection in if you do not agree with your new land valuation.
Objecting to your new land valuation
If you do not agree with your new land valuation, you have the option of lodging an objection within 60 days of the issue date of the valuation notice. The 60 day objection period for the 2022 land valuations closes on 30 May 2022.
If you need assistance with understanding the implications of your new land valuation or you would like to discuss objecting to your land valuation, contact either, Sarah Day, at [email protected] or James Stokes, at [email protected] or phone 3439 8880.
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