The unimproved or land value of ratable land is determined at the relevant date. It is assessed having regard to the available sales evidence of similar or comparable land. Where possible, the sale price of vacant blocks of land in the locality will be used as a comparison, with adjustments made for individual differences such as size, location, aspect and views. Where there have been no sales of vacant land in the locality or in comparable localities, the valuer analyses sales of improved properties by deducting the value of improvements such as buildings, landscaping, paths, fences, etc to arrive at the unimproved land value. These derived values can be used to assess the unimproved land value of other blocks.

The definition of unimproved or land value for rating purposes includes, amongst other things, the capital sum that might be expected to be offered on the relevant date to purchase the land, assuming that no improvements have been made on or to the land other than clearing, filling, grading, draining, levelling or excavating.

Every owner has the right to object to the land value, however you cannot object to the amount of rates or land tax payable. Financial hardship or comparison with the cost of living increases, for instance, are not considered valid grounds for reviewing an unimproved land value.

Notwithstanding the fact that you have lodged an objection, all charges for rates or land tax, as originally assessed, remain payable until a final decision is made. If an amount of rates or land tax is paid and the unimproved land value is subsequently reduced, you will receive an appropriate credit adjustment, including interest, on the overpayment.


rating values
unearned increment