RELEASE OF QUEENSLAND STATUTORY LAND VALUATIONS – 2019/20
The annual Statutory Land Valuations used to calculate local Council rates and State Land Tax levies have been released by the state governments’ Valuers General. The 2020 release includes new Land Valuations for a number of local government authorities including:
- Cassowary Coast
- Gold Coast
- Mount Isa
- Fraser Coast
- Scenic Rim
This a good opportunity to make Owners or tenants of commercial properties aware of the new Land Valuations with the goal of achieving a lower assessment to assist reducing various tax levies payable or outgoings associated with leased commercial properties.
This will require research and analysis of market evidence, sound knowledge of Court precedents, general processing and including a Land Objection Notice to be submitted within the timeframes set by the Land Valuation Act (Qld) 2010.
The Objection must be lodged within 60 Days of the date of issue of the valuation notice.
We would like to offer our expertise in this process and would be pleased to discuss the matter with you or clients.