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Somerset calls on state to step up land valuations

SOMERSET Regional Council has called on the Department of Natural Resources, Mines and Energy to provide revised land valuations on an annual basis.

Published: July 17th 2019

SOMERSET Regional Council has called on the Department of Natural Resources, Mines and Energy to provide revised land valuations on an annual basis.

The state department currently releases new figures every two to three years despite council paying for annual valuations.

Somerset Mayor Graeme Lehmann said the region experienced an overall increase of nine per cent when the latest land valuations were issued this year.

“While this increase was welcome news for property owners, it was actually calculated over a two-year period because the state hadn’t provided valuations for the Somerset region since 2017,” Cr Lehmann said.

“As a result, there were a few landholders out there seeing higher official valuation increases, including one of 88 per cent.

“Council has asked the Queensland Government to conduct annual valuations to help moderate changes and to provide landholders with up-to-date information about their land values.

“Council has actually reduced rates as a percentage of valuation in our main rating categories to manage the nine per cent average increase.”

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