Land valuations and what they mean for your rates

Q: If I get a large land valuation increase, does that mean my rates increase by the same amount?

A: No. The extent that rates may increase is not directly reflective of the percentage increase of the land valuation.  The land valuation is just one factor considered to determine rates.

How and when recent land valuations were calculated

The Department of Natural Resources and Mines (DNRM), provides TRC with property site or unimproved land valuations. DNRM re-valued the Toowoomba Regional Council (Council) area as at 1 October 2015.

How rates are calculated

The new land valuations take effect 30 June 2016 and will be used by us to calculate rates for the 2016/17 financial year.

Rates and charges are determined during the annual budget process each financial year. Council adopts this in June for the following financial year. The process includes:

  1. The first step in the budget process is for us to consider the costs of providing an extensive range of services, facilities and infrastructure.
  2. The second step is for Council to determine how to appropriately fund these activities, acknowledging that our primary source of revenue is through rates and charges.

Historically we have used a combination of 'averaging' of the valuation over 3 years and 'rate capping' to help minimise the impact of large valuation increases.

We also use a comprehensive system to calculate rates that recognise the diverse demographics of the region. We consider changes to valuations with a view to minimising the overall impact on ratepayers.

Valuation comparison

To compare valuations of the other properties in your area please visit the Queensland Globe website.

Objections to valuations

If you object to the valuation of your property, you may wish to lodge an objection with DNRM.  Please note objections can't be lodged through us as the land valuations are determined by the Department of Natural Resources and Mines.

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