THE VALUER GENERAL

The Queensland Valuer General is the independent head of the State Valuation Service, Department of Natural Resources and Mines (DNRM). The Valuer-General has a statutory responsibility to provide fair and accurate land valuations for use by local councils as a basis to calculate general rates, the Office of State Revenue to calculate land tax and DNRM to calculate State land rental (if applicable).

The Valuer-General values all land on behalf of the State Government and maintains the Qld Valuations and sales (QVAS) data base.

These folk are really conservative.  To all of those who say everything is stable, there are no price falls, and every house or piece of land always goes UP in value, please take a look at the following Official Valuation table on a fairly expensive piece of land…

Issue Date Valuation Date Effective Date Amount Termination Date
28/03/2012 01/10/2011 01/07/2012 $950000
03/05/2011 01/10/2010 01/07/2011 $1050000 30/06/2012
22/03/2010 01/10/2009 01/07/2010 $1050000 30/06/2011
23/02/2009 01/10/2007 01/07/2009 $1400000 30/06/2010
03/03/2008 01/10/2007 01/07/2008 $1400000 30/06/2009
26/02/2007 01/10/2006 01/07/2007 $1150000 30/06/2008
04/02/2006 01/10/2004 01/07/2006 $1023000 30/06/2007
29/03/2005 01/10/2004 01/07/2005 $1023000 30/06/2006
01/07/2004 01/10/2002 01/07/2004 $620000 30/06/2005
24/02/2003 01/10/2002 01/07/2003 $620000 30/06/2004
25/02/2002 01/10/2001 01/07/2002 $410000 30/06/2003
26/02/2001 01/10/2000 01/07/2001 $340000 30/06/2002
27/03/2000 01/10/1999 01/07/2000 $340000 30/06/2001
01/03/1999 01/10/1998 01/07/1999 $225000 30/06/2000
10/02/1998 01/10/1997 01/07/1998 $225000 30/06/1999
10/03/1997 01/10/1996 01/07/1997 $215000 30/06/1998
19/02/1996 01/01/1996 01/07/1996 $195000 30/06/1997
20/02/1995 01/01/1995 01/07/1995 $195000 30/06/1996
31/01/1994 30/06/1993 01/07/1994 $144000 30/06/1995
30/11/1992 31/03/1992 30/06/1993 $131000 30/06/1994
25/11/1991 31/03/1991 30/06/1992 $131000 29/06/1993
26/11/1990 31/03/1990 30/06/1991 $131000 29/06/1992
27/11/1989 31/03/1989 30/06/1990 $131000 29/06/1991
01/07/1989 31/03/1988 01/07/1989 $105000 29/06/1990

A 32 PERCENT DROP IN 3 YEARS by the ultra conservative valuers at The Valuer General.  When they DROP these values, collection of taxes and other imposts are heavily affected…

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