Annual Rating & Land Tax Assessment – August 2023

Annual Rating & Land Tax Assessment – August 2023

As a property owner, you would have recently received your local Council rates notice for 2023/2024. It is worth reviewing the determined value of your property (Gross Rental Value (GRV)) to ensure you’re not overpaying relative to other property owners in the same area.

For a nominal initial fee Property Valuation & Advisory (WA) can review your assessed value and advise if an objection, which is to be lodged within 60 days of issue of notice, is warranted. For more information check out the Landgate article on lodging an objection.
https://www.landgate.wa.gov.au/valuations/valuations-for-rates-and-taxes/lodging-an-objection/

If the initial review identifies an opportunity to mount a viable objection to the assessed value, a detailed assessment can be undertaken at a negotiated fee and a formal objection process can be pursued.

Our experience has shown us that statutory assessments used for rating purposes do not always reflect market conditions or movements as at the valuation date, and do not always adequately reflect the particular idiosyncrasies or constraints that a property might possess. It is imperative that all of these factors are understood and reflected to arrive at a correct assessment which does not overstate the value of the property for rating purposes.

Please contact our specialist valuer Paul Rogers to discuss how we might be able to assist you.