Revaluations on the way

PROPERTY revaluations for 10 Tasmanian municipalities including the Derwent Valley have been completed and are being issued this week. About one-third of Tasmania is valued every two years under the current valuation cycle and valuer-general Warrick Coverdale has started a mail-out to advise of the new valuations of nearly 90,000 properties in Derwent Valley, Dorset, Flinders Island, Glamorgan-Spring Bay, Glenorchy, King Island, Launceston, Sorell, Tasman,  and Waratah-Wynyard municipalities.

Mr Coverdale said property owners and rate-paying lessees would receive a notice of valuation in the mail with explanatory notes on the reverse side. “The Land Value, Capital Value and the Assessed Annual Value for each property has been determined as at 1 July 2010 levels of value. The values will take effect from 1 July 2011 for rating and taxing purposes,” Mr Coverdale said.

After receiving their valuation notice, land owners have 60 days to lodge an objection if they believe their property details or values as at 1 July 2010 are not correct. Mr Coverdale said any matters regarding council rates or land tax should be directed to the respective councils and the State Revenue Office respectively, as they are separate issues to the valuation notices.

More information is available on the DPIPWE website at www.dpipwe.tas.gov.au/ovg

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