The Department of Natural Resources and Mines (NR&M) provides land values in Queensland each year. Properties are given an ‘unimproved value’ which is the amount they could be expected to sell for without improvements such as house, fences, piping or leveling. The valuations take into account access to services such as roads, railways, schools and shopping centres.
To calculate unimproved land values, NR&M examines sales information for each land use category (eg. rural, residential, commercial) and sends registered valuers to inspect properties that have recently sold.
Wherever possible, lightly improved or vacant properties are inspected. The unimproved value is calculated by deducting the added value of any improvements from the sale price. This figure is then compared with previous values to determine the market movement in overall land values.
The Department of Natural Resources and Mines have released the annual property valuations for the Tara Shire. Details of the valuations of all lands within the Shire can be inspected at the Tara Shire Council Chambers, Tara and at the Department of Natural Resources and Mines, Dalby without payment of a fee during normal business hours Monday to Friday during the period 29th March, 2005 to 10th May, 2005 inclusive.
Objections to valuations can be lodged within 42 days of receipt of the notice/s which were sent out by the Department of Natural Resources and Mines to all landholders showing the unimproved land value.
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