Land values rise 10 per cent
STATE land valuations for the Southern Downs Regional Council area have risen by 10 per cent overall, the government announced yesterday.
The valuations are used by councils to help set rates and have been released in time for council budget deliberations in the coming weeks.
Landholders should receive their valuation notices in the mail within the next two days.
The latest figures show the average value of residential blocks of land in our council area is $85,000, representing the current market value of land including improvements such as filling, clearing, levelling and drainage works.
The annual valuations do not include houses, sheds and other structural improvements or excavations.
Rural land is valued on an “unimproved” basis.
The new valuations take effect on June 30 for council rating, state land tax and state land rental purposes.
“While the valuations provide a snapshot of land values as at October last year, the recent extreme weather events that affected much of Queensland have been taken into account,” Valuer-General Neil Bray said yesterday.
- Allora – Range of new values $9600 to $145,000 (10 per cent increase), average new value $81,000
- Killarney – Range of new values $14,200 to $133,000 (14 per cent increase), average new value $50,000
- Rosenthal Heights – Range of new values $41,500 to $220,000 (15 per cent increase), average new value $100,000
- Stanthorpe – Range of new values $21,500 to $270,000 (10 per cent increase), average new value $84,000
- Warwick – Range of new values $17,000 to $400,000 (nine per cent increase), average new value $92,000
For more details visit www.derm.qld.gov.au