TIME is running out for Redlanders to object to revised property valuations, some of which jumped 21 per cent in March.
Valuer-General Neil Bray said about 1.15 million valuations were issued on March 2 to all landowners in 24 of Queensland’s 62 rateable local government areas.
“A 60-day objection period commenced on the day that valuation notices were issued,” he said.
"Landowners ... must lodge an objection by Tuesday 3 May. All objections received will be reviewed.”
Wellington Point and Ormiston residents’ land values have jumped up to 21 per cent.
The two suburbs received the highest increases of the city's 22 residential localities, compared with a city-wide increase of 14.6 per cent.
The median value in Ormiston will rise from $295,000 to $355,000, the highest median mainland value.
Across the city, all land valuations, including commercial, industrial, units and rural properties, have copped a 10.8 per cent rise.
The spike came after last year’s valuation in which the city-wide increase was 2.2 per cent over two years.
Most bay island values remained unchanged. Point Lookout had the highest median land value of $435,000.
Mount Cotton's median land value had a minor increase to $235,000. Coochiemudlo Island's median land value increased to $122,000 while the median value on Russell Island remained at $17,400.
Birkdale land valuations rose, on average, 16.7 while Victoria Point, Thornlands, Capalaba and Redland Bay all faced increases of more than 15 per cent.
This year there were 876 more residential properties included in the city's valuations.
The Valuer-General Department sent notices to the city's 59,546 properties showing valuations calculated on October 1, 2015.
Mr Bray said landowners who believed their valuation was incorrect and could provide supporting information could lodge their objection online.
“Online objections can be made using the objection kit on the Department of Natural Resources and Mines website and emailing valuation.enquiries@dnrm.qld.gov.au ,” he said
There was no fee to object.
“The list of Queensland’s statutory land valuations, an interactive map for major residential localities that includes residential sales information and a rural sales map can be viewed online at www.dnrm.qld.gov.au until 31 May 2016 – allowing landowners to compare their valuations with others in their area,'' he said.
"Hard copies of the valuation list can be viewed at Department of Natural Resources and Mines business centres and local government offices during normal business hours until close of business on 31 May 2016.”
