The brief window of opportunity to lodge an objection to your
2012 annual land valuation will close on 28 May 2012.
By now you should have received your new land valuation issued
by the Valuer-General on 28 March 2012 under the Land Valuation
Act 2010. If you have any concern that your valuation is
incorrect, particularly if there has been an increase from last
year's valuation, you must act now to preserve your rights.
Valuations are driven by market value. For rural land,
"unimproved value" which assumes land is in its natural
state without improvements is considered. For non-rural land, it is
"site value" which takes into account site improvements
such as filling, clearing, rehabilitating, retaining or preparing
the land for development.
in general terms, a higher valuation means higher land tax and
rates. An increase in your annual valuation could have a real
impact on the cost of land assets you own or control
land owners should be wary of unjustified increases in
valuations, particularly in the current sluggish property market. A
successful objection which reduces your valuation can save you
if you do not object within 60 days of the issue of your annual
valuation - that is by 28 May 2012 - it will take effect from 30
Making an objection
An objection must be "properly made" and supported by
information sufficient to demonstrate that the valuation is wrong.
This may require evidence from a valuer, town planner or other
expert, as well as any other documentation you have to support your
views. This supporting information may take some time to source and
We can help
At DibbsBarker, our Planning & Environment team are
available to assist you with any aspect of the objection process
including advising you on the application of the Act to your
circumstances and procedural matters, preparing your objection and
recommending valuers or other experts with a track record of
success in objecting to valuations.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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