Rating and Taxing Objections

All properties in New South Wales are valued annually under the Valuation of Land Act 1916 for rating and taxing purposes, with all valuations being issued to the Office of State Revenue for land tax liability calculations and to Local Councils to determine individual land owners rates and levies.

The land value issued is the market value of the land, assuming it was vacant.  In some instances, mass valuation techniques are applied however this has limitations in its continued application over time, and for the valuation of properties that are complex in nature or have limited comparable market evidence.

As the overriding requirement is that each land value must be capable of being individually tested and supported against available market evidence, if land owners are not satisfied with the valuation assessment adopted, the Valuation of Land Act 1916 makes provision for ‘Any person liable to pay any rate or tax assessed in respect of land who is dissatisfied with a valuation of such land made under this Act, may serve upon the Valuer-General or any rating or taxing authority a written objection to the valuation’.  The Act also extends the right of objection to the authorised representative of such a person.

In the instance that your wish to object to a valuation assessment on your land for statutory rating and taxing purposes, Powerhouse Property Professionals can be engaged to conduct a review valuation, consider whether adequate allowances as provided for within the Valuation of Land Act have been granted, assist you with the objection process, or even manage the entire process on your behalf.

As there is a limited timeframe in which an objection can be lodged, Powerhouse Property Professionals are sensitive to this requirement and can carry out the assessment in the short time frame required.  Please phone 1300 097 912 or fill out our quotation request form via the link below.