On 2 March 2016 the Valuer-General commenced issuing statutory land valuation notices for all land, including commercial and residential land, in Queensland. The effective date of the valuations will be 30 June 2016 and will be the basis for determining your rates and any land tax.
If you do not agree with the valuation, it is vital that you lodge an objection with the Department of Natural Resources and Mines.
In order for your objection to be considered, you must:
Any one of the following grounds are considered to be an appropriate basis to object to a valuation:
If you own a property that is used exclusively for farming purposes, you may also be entitled to a concessional valuation.
You must supply supporting material when lodging your objection. If the application is too general or not supported by evidence then you are unlikely to be successful.
Except in very limited circumstances, such as in an extraordinary emergency, if you lodge your objection outside of the 60 days it will not be accepted and you will not have an opportunity to resolve your concerns regarding the valuation at the objection stage. Additionally, if the valuation objection is not resolved you will also have forfeited your right to appeal the valuation in the Land Court.
Source : Cooper Grace Ward Lawyers
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