Saturday, 28 April 2012

Property owners face deadline

 

Property owners face deadline

PROPERTY owners have just one month to lodge an objection, if they disagree with their official property valuation, on which land tax and rates are based. People wishing to object have until May 28 to prepare and present their case.

The valuations don't take into consideration structural improvements to land such as buildings, pools and fencing.

Mr Webster said a valuer could help compile an objection.

"In our experience, the large majority of valuations are fairly accurate but there are exceptions.

Commercial valuer Jim Webster said those giving serious thought to an objection may benefit from gaining advice from a suitably qualified property valuer.

"Property owners must weigh up potential savings in rates and land tax against the time and effort involved in contesting a valuation and the prospect of it being unsuccessful," he said.

Property owners face deadline



Trade News selected by Local Linkup on 28/04/2012