❓ Hon George Cash questions the removal of the 50% subsidy for local government valuation services and its financial impact, also inquiring about the ability of local authorities to engage private valuers. The government clarifies the subsidy's origin, provides revenue projections, and references relevant legislation.
AnsweredQoN 1018Legislative Council
QuestionView source ↗
(1) When did legislation requiring local authorities to pay the Valuer General 100 percent of revaluations of properties rather than the previous 50 percent come into effect?
(2) What is the anticipated annual increase in revenue as a result of this change?
(3) Are local authorities able to engage private sector valuers to carry out revaluation work on behalf of local authorities?
(2) What is the anticipated annual increase in revenue as a result of this change?
(3) Are local authorities able to engage private sector valuers to carry out revaluation work on behalf of local authorities?
AnswerView source ↗
Answered
21 August 2003
Responded by
Minister for Land Information
Response time
9 days
The 50% subsidy to local government for valuation services was first introduced in 1963 and is a longstanding protocol rather than being prescribed in legislation. (2) The Budget Papers show: $900,000 in 2003-04 $3,100,000 in 2004-05 (Metropolitan triennial General Valuation revaluation) $900,000 in 2005-06 $900,000 in 2006-07 (3) Section 25 of the Valuation of Land Act 1978 sets out the conditions for Rating and Taxing authorities to employ valuers to make general or interim valuations.
(2) The Budget Papers show: $900,000 in 2003-04 $3,100,000 in 2004-05 (Metropolitan triennial General Valuation revaluation) $900,000 in 2005-06 $900,000 in 2006-07 (3) Section 25 of the Valuation of Land Act 1978 sets out the conditions for Rating and Taxing authorities to employ valuers to make general or interim valuations.
(3) Section 25 of the Valuation of Land Act 1978 sets out the conditions for Rating and Taxing authorities to employ valuers to make general or interim valuations.
(2) The Budget Papers show: $900,000 in 2003-04 $3,100,000 in 2004-05 (Metropolitan triennial General Valuation revaluation) $900,000 in 2005-06 $900,000 in 2006-07 (3) Section 25 of the Valuation of Land Act 1978 sets out the conditions for Rating and Taxing authorities to employ valuers to make general or interim valuations.
(3) Section 25 of the Valuation of Land Act 1978 sets out the conditions for Rating and Taxing authorities to employ valuers to make general or interim valuations.
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