He said the arable valuation range had been standardised throughout the shire with properties in the expansion area being increased to rectify inequities with the established arable areas of the shire. Properties within the established area of Cardwell Shire have been historically valued higher than the expansion areas. Variations to values were also experienced for blocks smaller than 25 hectares and greater than 250 hectares, to better reflect market trends. Primary production lands with no potential other than grazing have maintained their levels of value. Mr Myers said the valuations, which would take effect on June 30 this year, provided an annual snapshot of unimproved land values at 1 October 2000 and reflected the state of the local property market at that time.
Valuations are only one of many guides available to councils.
The actual rate charged is the decision of the individual council based on its local policies and financial requirements for the year ahead. However, valuations are used by the Office of State Revenue for levying land tax. 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. Objections can be lodged to valuations within 42 days of receipt of the notices and can be sent to the Department of Natural Resources and Mines, PO Box 937, Cairns 4870.