Rainbow Beach industrial values have increased by 10 per cent. Commercial unimproved values in the main business area have also increased by 10 per cent, however commercial properties along Rainbow Beach road have increased by 60 per cent. Tin Can Bay commercial and industrial unimproved values have increased by five per cent. Mr Cremer said rural home sites unimproved values had also generally remained unchanged with the exception of some sub-divisions that had decreased by up to 20 per cent. Of the 124 local governments in Queensland, there were 37 that had sufficient market movement for new valuations to be issued this year.
Valuations are only one of many guides available to councils.
Mr Cremer said the actual rate charged was the decision of the individual council based on its local policies and financial requirements for the year ahead. Amendments to the Valuation of Land Act 1944 mean that some landholders who hold land under a lease, licence or permit from the State will receive two valuation notices this year. One notice will be for the standard annual valuation while the other will be identified as a 'Notice of Valuation for Rental Purpose' and will display the amount that may be used by DNR to calculate the State Land rental. Details of the 1 October 2000 Annual Valuation can be inspected until 9 April 2001 at the Department of Natural Resources and Mines office located at 27 O'Connell Street, Gympie, during business hours. Objections can be lodged to valuations within 42 days of receipt of the notices and can be sent to Department of Natural Resources and Mines, PO Box 383, Gympie Qld 4570.