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ValuationQLDEASY

In Queensland, the statutory land valuation that councils use to levy rates is made by:

Correct Answer

B) The Valuer-General, who issues statutory land valuations under the Land Valuation Act 2010

Under the Land Valuation Act 2010 (Qld), the Valuer-General makes statutory land valuations: site value for most non-rural land and unimproved value for rural land. Councils use these valuations to calculate rates, and the state uses them for land tax. Owners who disagree can lodge an objection with the Valuer-General.

Answer Options
A
The local council, which values each lot itself before setting its general rates
B
The Valuer-General, who issues statutory land valuations under the Land Valuation Act 2010
C
A registered private valuer engaged and paid by the landowner for each rating year
D
The Real Estate Institute of Queensland, using median sales data for each suburb

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Related Topics & Key Terms

Key Terms:

Valuer-GeneralLand Valuation Act 2010unimproved value
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