The Land Valuation Act 2010 (Qld) : moving to site valuation and the provisions relating to objections

With the passing of the Land Valuation Act 2010 (Qld) Queensland will move from the concept of “unimproved value” and adopt the concept of “site value” as the basis upon which land valuations under the Land Valuation Act 2010 (Qld) are assessed. This concept will alter the valuation methodology which underpins the assessment of land value. This article examines the concept of “site value” and comments upon the new valuation process. The article also examines the changes made to the objection and appeal process available to landowners under the Act in anticipation of the new valuation process.