The Valuer General will issue New Unimproved Land Valuations by the 31 March 2024 in the following Local Government areas: Banana, Barcoo, Bulloo, Bundaberg, Central Highlands, Cook, Diamantina, Fraser Coast, Gold Coast, Goondiwindi, Isaac, Livingstone, Longreach, Moreton Bay, Redland, Somerset, Sunshine Coast, Torres, Whitsunday & Winton.
With the current strength of the rural property market, it will be likely that there will be significant rises in unimproved valuations in these areas. AgForce's land valuation advisor is available to help our members through the process of checking that their valuations are correct and if necessary, guide through the objection process. It is well worth checking these valuations as an error could lead to excessive rates and rental charges. For example, if a rural property has an annual rates bill of $30,000 and they achieve reduction of 10% due to an error, in most cases that would lead to a $3,000 annual saving in rates.
AgForce will be assisting our members in the affected areas better understand their new valuations and how to object and correct any errors that are in the 2024 Valuations.
