In this guide:

1. About statutory land valuations in Queensland
2. What is considered when valuing land
3. Impact of floods and other adverse events
4. Rural land valuations
5. Non-rural land valuations
6. Valuation notices
7. How land valuations are used
8. Why your neighbour's valuation may be different to yours
9. If you disagree with your valuation

Differences in valuations between neighbouring lands are common. Here are some of the reasons why your neighbour’s statutory land valuation may be different to yours.

Valuation methodologies

If you live in a rural area, it is possible that your neighbour’s land was valued using a different method to yours. For example, your land may be non-rural land and valued using site value, while your neighbour’s may be rural land and valued using unimproved value.

Physical attributes

Your neighbour’s land may have different physical characteristics that affect its value. For example, your neighbour’s land might have poorer views, steeper topography or inferior access.

Constraints on the use of the land

Land adjoining your land may be subject to different constraints as a result of local government planning schemes, encumbrances registered on title and other legislation. For example, your neighbour’s land may have a registered easement, be subject to flooding or have vegetation clearing restrictions, all of which can reduce the value of the land.

Land use

Your neighbour’s land may be used for a different purpose to your land (e.g. residential vs commercial use) and so will have a different land value.

Concessional valuations

In some circumstances, concessional valuations provided for in the Land Valuation Act 2010 may have been granted that reduce the value of land.

Further information

• Land Valuation Act 2010