Statutory land valuations are used to calculate council rates, state land tax and state land rental (for leasehold land), where applicable.
Local governments use statutory land valuations as a basis to calculate rates. However, valuations are just one of many factors taken into account when councils are framing their annual budgets and determining rates. It is not unusual for rates to change even though statutory land values have not changed. For more information on rates, contact your local council or visit the Department of State Development, Infrastructure and Planning.
The Office of State Revenue uses valuations to calculate state land tax. Land tax is only payable if the total statutory value of all your land holdings exceeds the threshold. The Office of State Revenue will contact you after 30 June this year if you become liable for state land tax for the next financial year.
We use statutory land valuations to calculate state land rental for leasehold land.