Community & Business
6 July, 2023
TRC rejects need for valuations in 2024
Tablelands Regional Council will write to the State Department of Resources to request that no new land valuations be undertaken in the next financial year.
Tablelands Regional Council will write to the State Department of Resources to request that no new land valuations be undertaken in the next financial year.
Successive land valuations over the past few years have resulted in high increases, particularly for grazing and primary production properties, triggering significant rate rises for those landowners.
A letter from the department was tabled at last week’s meeting, seeking council’s input into whether another valuation process should be conducted again next financial year.
But council had no appetite for new valuations and will write to the department to advise it does not support the review.
“Considering a new valuation is now ready to be applied from 1 July 2023 and that council does not expect a material change in property valuations over the next 12 months, it is proposed that council does not support a new valuation review at this time that would take effect on 1 July 2024,” the report recommended.
