The unimproved land value of each block as at the relevant date is assessed having regard to the available sales evidence of similar blocks of land. Where possible, the sale price of vacant blocks of land in the area will be used as a comparison, with adjustments made for any individual differences such as size, location, aspect and view which may affect the value of each block of land. Where there have been no sales of vacant land in the area, or in comparable areas, the valuer works from the sales of improved properties, and deducts amounts for improvements such as buildings, landscaping, paths, fences, etc in order to deduce the unimproved land value of the sale blocks. These values are then used to assess the unimproved land value of other blocks.

As a guide, the definition of unimproved land value for rating purposes includes, amongst other things, the capital sum that might be expected to be offered on the relevant date for the lease of the parcel of land, assuming that no improvements have been made on or to the land other than clearing, filling, grading, draining, levelling or excavating.

Every owner has the right to object to the land value, however you cannot object to the amount of rates or land tax payable. Financial hardship or comparison with the cost of living increases, for instance, are not considered valid grounds for reviewing an unimproved land value.

Notwithstanding the fact that you have lodged an objection, all charges for rates or land tax, as originally assessed, remain payable until a final decision is made. If an amount of rates or land tax is paid and the unimproved land value is subsequently reduced, you will receive an appropriate credit adjustment, including interest, on the overpayment.