Request for check on valuations
BURDEKIN Shire Council has requested that the State Valuation Service include the Burdekin Shire as part of the 2022 Annual Revaluation Program.
The Land Valuation Act 2010 requires the Valuer-general to undertake an annual valuation, however the ValuerGeneral may decide not to make an annual valuation of land in a local government area.
The State Valuation Service was seeking council’s view in regard to the inclusion of the Burdekin Shire in the 2022 Annual Revaluation Program.
Included with the correspondence received this year was a preliminary assessment of property markets and the available sales evidence since the council’s last revaluation.
The analysis shows no effect on current valuations.
Historically, council has responded to the State Valuation Service requesting that an annual valuation be undertaken with the view that even minor fluctuations in valuations can have an impact on ratepayers.
According to Burdekin Shire Council, it is their aim to minimise the impact on ratepayers and avoid possible large adjustments to valuation relativities which may occur when the annual valuation process is not undertaken for a number of years.