HIGHER RATE VALUATIONS ON ISLANDS DOES NOT NECESSARILY MEAN BIG INCREASES IN RATES! Redlands Coast property owners who do not agree with their latest State Government land valuations should lodge an objection with the State as soon as possible. The advice follows significant land value increases by the Queensland Government Valuer-General for many properties across South East Queensland, which will have a significant impact on council rates. Division 5 Councillor Mark Edwards explained that whilst the some island land valuations had increased considerably, it did not necessarily mean there will be a very large increase in rates paid to Redland City Council. He explained: “Rates usually increase each year, mainly in line with increased costs for Council and CPI movements. “Where rate costs impact residents more is when the value of their property increases enough to push them into the next higher rating band. “For example, in the current financial year Rating Category 1a is on a principal owner’s house property and attracts minimum rates payable, provided your land value is less than $410,00. “So if your land is valued at $50,000 or $350,000, the minimum general rate payable on both properties is the same. “And if the land valuation on your principal place of residence does not take you over to the next rating category then you will still remain on the minimum general rate. “Just remember, the minimum general rate will most likely increase every year but it is still the lowest rate payable. Redland City Mayor Karen Williams said the latest Queensland Government Department of Resources valuations for Redland City, issued on 31 March, saw an overall 25 per cent increase since the previous valuations in 2019, well above the 17.5 per cent for Brisbane. "Councils are obliged by State Government legislation to use these valuations, which are due to take effect from 1 July, when setting rates for individual properties which means higher land values have the potential to impact residents financially,” Cr Williams said. "While these valuations, which are made by the Valuer-General and are outside councils' control, may make many feel good about just how much their properties have appreciated in value, they are also used by councils to determine general rates. “A significant increase in value can lead to an above average increase in the general rate for some home owners. So, if you believe your revaluation is excessive, I encourage you to put your case to the State Valuer-General. “Redland City and other councils determine rates based on what they need to deliver for their communities. Here on Redlands Coast we have endeavoured to keep rates rises to an absolute minimum.” According to the Valuer-General, these significant increases are due largely to strong demand for property, leading to soaring property prices and values. Cr Williams said that while the movement of land values varied across Redlands Coast, the Southern Moreton Bay Islands had the most significant percentage-based increase in values due to the traditionally lower land values on the islands. (see Cr Edwards comments above) "If you believe your valuation is not justified or there are factors which haven't been taken into account, please seek a review by the State Valuer-General. Details of how to lodge the appeal are included with your valuation," she said. "For your challenge to be considered, you must provide sufficient information to demonstrate that the valuation is incorrect and lodge your objection within 60 days ... that's by 30 May. "Grounds for objection are quite specific and may include sales evidence, constraints on the use of your land and deductions for site improvements. "Objections must be supported with proof of claims, so with the next Redland City rates notices not due until around mid-July, anyone who feels a review is justified should seek resolution from the State Valuer-General as soon as possible." For valuation information, contact 1300 664 217 or go to www.qld.gov.au/landvaluation.