Land val­u­a­tions for next year

Port Douglas & Mossman Gazette - - BUSINESS -

LANDOWN­ERS in Dou­glas Shire are among the more than one mil­lion landown­ers in 40 of Queens­land’s 78 rate­able lo­cal gov­ern­ment ar­eas (LGAs) who will re­ceive new land val­u­a­tions in 2016.

Valuer-Gen­eral Neil Bray said LGAs re­ceiv­ing new val­u­a­tions were Au­rukun, Ba­nana, Bris­bane, Bur­dekin, Cairns, Cen­tral High­lands, Cherbourg, Clon­curry, Cook, Doomadgee, Dou­glas, Fraser Coast, Glad­stone, Gold Coast, Hope Vale, Isaac, Kowanyama, Lock­hart River, Mackay, Mapoon, Napranum, North­ern Penin­sula Area, Noosa, Palm Is­land, Porm­pu­raaw, Red­land, South Bur­nett, Sun­shine Coast, Tor­res Strait, Toowoomba, Weipa, Western Downs, Whitsunday, Woora­binda, Wu­jal Wu­jal and Yarrabah.

“The de­ci­sion to value those LGAs fol­lows con­sul­ta­tion with coun­cils, lo­cal groups and industry stake­hold­ers and an eval­u­a­tion of prop­erty mar­ket sur­vey re­ports,” he said.

“In LGAs where new val­u­a­tions are not is­sued in 2016 the most re­cent an­nual val­u­a­tion will re­main ef­fec­tive for rat­ing, land tax and state land rental pur­poses un­til the next val­u­a­tion is un­der­taken,” he said.

Valuers con­sid­ered prop­erty sales since the last val­u­a­tion and the pre­dicted move­ments this mar­ket ev­i­dence has had on value of land.

“Other is­sues con­sid­ered in­clude the im­pact of nat­u­ral events, the state of the econ­omy, the ef­fects of min­ing, plan­ning and zon­ing changes, com­mod­ity prices and pop­u­la­tion growth,” he said.

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