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About statutory land valuations in Queensland

Why your neighbour's valuation may be different to yours

Differences in valuations between neighbouring lands are common. Here are some of the reasons why your neighbour's statutory land valuation might be different to yours.

Valuation methodologies

If you live in a rural area, it is possible that your neighbour's land was valued using a different methodology to yours. For example, your land may be non-rural land and valued using site value, while your neighbour’s may be rural land and valued using unimproved value.

Physical attributes

Your neighbour's land may have different physical characteristics that affect its value. For example, your neighbour's land might have poorer views, steeper topography or inferior access.

Constraints on the use of the land

Land adjoining your land may be subject to different constraints as a result of local government planning schemes, encumbrances registered on title and other legislation. For example, your neighbour’s land may have a registered easement, be subject to flooding or have vegetation clearing restrictions, all of which can reduce the value of the land.

Land use

Your neighbour's land may be used for a different purpose to your land (e.g. residential vs commercial use) and so will have a different land value.

Concessional valuations

In some circumstances, concessional valuations provided for in the Land Valuation Act 2010 may have been granted that reduce the statutory value of the land.

Contact us

For valuation enquiries, call 13 QGOV (13 74 68) or visit your nearest business centre.

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Licence
Creative Commons Attribution 3.0 Australia (CC BY 3.0)
Last reviewed
7 March 2018
Last updated
12 August 2014
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