Residents are advised to check their land valuation notices and consider if they should lodge an objection against their new valuations before the six-week window elapses.
Anyone wishing to submit an objection must do so before the closing date of 16 May.
Total land valuations across the Mackay local government area have increased in by 16 per cent but it is the rural residents that have seen the greatest impact.
On average Mackay has seen rural residential land values increase by 32.4 per cent and primary production land values increase by 59.6 per cent with many cattle property valuations increasing by over 200 per cent.
Member for Whitsundays Amanda Camm MP says that it is vital to check your notice so you can speak up if your valuation is inaccurate.
“New valuations have been undertaken in the Mackay Local Government area and these should reflect the property market on 1st October 2022, the date of the valuation,” said Ms Camm.
“The new valuations will take effect from 30th June 2023 for Local Government ratings, State land tax and land rental purposes.”
Your valuation may not correctly reflect current market valuations if they fit into any of the four categories.
• Sales evidence supports a different value, for example, comparable property sales don’t reflect your valuation.
• Physical characteristics or constraints on the use of the land support a different value.
• Other issues which may affect the valuation.
• Deduction for site improvements (DSI) - For land valued using site value only.
Valuation objections can be submitted online or on a Notice of Objection Form which is available from the Department of Natural Resources, Level 1, 44 Nelson Street Mackay.
Objections must be lodged by 16th May 2023. Further information is available via https://www.qld.gov.au/environment/land/title/valuation/objections or by phoning 1300 664 217.
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