News

Valuations on ratepayers' properties put on hold

RATEPAYERS will not receive new valuations on their properties before next year's rates bill arrives in the post.

Each local government area is assessed annually to determine if new valuations will be carried out during that year.

Department of Natural Resources and mining valuer-general Neil Bray said the decision came after consulting with local governments, local groups and industry stakeholders and the consideration of a market survey report.

"When undertaking the market survey, valuers from the State Valuation Service consider the property sales evidence since the last annual valuation was made and the predicted movement that this market evidence has had on the value of land," Mr Bray said.

"The Southern Downs Regional Council area will be assessed again in 2013 to determine if annual land valuations will be issued in 2014."

Other issues considered by SVS valuers include the state of the economy, the effects of the mining boom, commodity prices and population growth.

A Southern Downs Regional Council spokeswoman said council had requested land valuations be carried out across the region again next year. Rates are based on land values.

"Significant changes in valuations between valuations may affect ratepayers, but rates are based on land valuations and what council's revenue requirement is at that time," she said.

Topics:  property, ratepayers, southern downs regional council, valuations



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