After our advocacies to the Queensland Treasurer and Minister for Resources for land valuation and land tax relief, it was a positive that even though we did not get the valuation freeze requested nor increased land tax thresholds, that the Independent Valuer General has not included Noosa in the list of LGA’s to be revalued in 2024, even though Sunshine Coast will be. This ‘breather’ is appreciated while advocacies continue to see more improvements to the system and less impacts.
The full media release from the Independent Valuer General is below:
Understanding your 2024 land valuation
In September 2023 the Valuer-General announced the following Queensland local government areas will be included in the 2024 Property Revaluation Program. Expert valuers from the State Valuation Service will be collating on-the-ground information, as well as conducting desktop assessments and research on property sales since the last valuation. Valuation notices will be issued by 31 March 2024 in the local government areas that are included in the 2024 program.
- 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
The valuations will reflect land values at 1 October 2023, and are effective from 30 June 2024.
If your council is not listed, you can find out when your local government area was last valued.
Further information
Until the previously announced, automatic exemption process is in place following our previous advocacy, our office has posted the Land Tax Exemption Process at www.sandybolton.com/land-tax-exemptions-march-2023. A common exemption is if a property is your ‘Home’ rather than an investment property.
For queries regarding land valuations and also how these relate to Council rate calculations please read our update at www.sandybolton.com/land-valuations-local-government-rate-calculations-march-2023.
Further direct advocacy regarding land tax can be directed to the QLD Treasurer via treasurer@ministerial.qld.gov.au and please cc’ our office in via noosa@parliament.qld.gov.au and forward any response you receive to us.
For our previous Noosa 360 updates on Land Tax, please visit www.sandybolton.com/?s=Land+Tax
For further direct advocacy regarding how land valuations are completed, can be directed to the Minister for Resources via resources@ministerial.qld.gov.au and please cc’ our office in via noosa@parliament.qld.gov.au and forward any response you receive to us.
For our previous Noosa 360 updates on Land Valuations, please visit www.sandybolton.com/?s=Land+valuations