❓ The Valuer General altered property valuations in York Street near the former Ronald McDonald House following an approach by a property owner, resulting in lower valuations for several properties. The Minister confirms no amenity reduction due to disruptive behaviour was considered.
AnsweredQoN 3962Legislative Assembly
QuestionView source ↗
(1) Can the Minister advise if the Valuer General has altered the valuation of any properties in York Street in proximity to the former Ronald MacDonald House over the last 12 months? (2) If yes to (1): (a) Were revaluations a result of approaches by property owners or as part of the normal valuation cycle; (b) Were any properties valued downwards from the previous Valuer General valuations; (c) What valuation criteria were considered by the Valuer General in determining any change to property valuations; (d) Was a reduction in amenity caused by an increase in disruptive behaviour and police call-outs to the former Ronald MacDonald House a factor in determining new valuations.; (e) How many properties received a lower valuation in terms of Gross Rental Value(GRV) and/or Unimproved Land Value; (f) Has the Valuer General aggregated the total reduction in GRV for all the affected properties, if so, what does this amount to; and (g) Has the Valuer General aggregated the total reduction in Unimproved Land Values for all affected properties and the financial impact on the likely State revenue from Land Tax collected from those properties subject to Land Tax? (3) If no to (1), has there been approaches by property owners to revalue their property and how many?
AnswerView source ↗
Answered
10 October 2018
Responded by
Minister for Transport; Planning; Lands
Response time
9 days
(1) Yes
(2)
(a) Approach by one property owner
(b) Yes
(c) Valuations were carried out in accordance with established valuation methodologies. Relevant factors include characteristics of the surrounding area and nearby properties which could influence rental values.
(d) No
(e) 57 GRVs and 18 unimproved values (UVs).
(f) $179,436
(g) The calculation of land tax is a matter for the Commissioner of State Taxation.
(3) Not applicable.
(2)
(a) Approach by one property owner
(b) Yes
(c) Valuations were carried out in accordance with established valuation methodologies. Relevant factors include characteristics of the surrounding area and nearby properties which could influence rental values.
(d) No
(e) 57 GRVs and 18 unimproved values (UVs).
(f) $179,436
(g) The calculation of land tax is a matter for the Commissioner of State Taxation.
(3) Not applicable.
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