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Byron Shire
June 26, 2024

Land valuations

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Look out people! Council rates will skyrocket next financial year. Valuer General letters came this week. As at 1/7/2022, they say my Unimproved Land Value has increased 150 per cent – more than doubled in three years. My house and land certainly would not sell for more than double 2019 prices.

If the Council uses the same cents in the dollar rate next year, my general rate will increase by more than $1,500. In what universe does anything go up 150 per cent in three years?

The Valuer General does not have to justify these values. We can object to the valuation, but we have to send proof of nearby property sales. Any sales around have million dollar houses on them – not a true indication of unimproved land value at all.

If everyone’s rates double, Byron Shire should have the best ever pothole free roads and clean, free-flowing stormwater drains! Yeah right.

Annette Snow, Myocum


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2 COMMENTS

  1. ‘In what universe does anything go up 150 per cent in three years?’
    Weimar Republic, Zimbabwe, Venezuela, post-Soviet Russia, and many others.
    My evaluations in QLD just went up about 25%, and they are saying we will have another increase in Q3 or Q4 and again in 2024 Q2.
    We would like the sheer drop on our road fixed also. Every time it rains, it’s eating more road. It’s not just NSW with these problems.

  2. The same cents in the dollar won’t be used. Everyone’s rates won’t double.

    The total annual rate revenue increase for the shire is controlled by the state government. The VG valuations are only used to apportion the total amount across all land owners in the shire. So if the values of everyone’s properties in the shire go up by the same percentage then the rate rise will simply be proportional to the overall increase approved by the government.

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