Land Valuation Act 2010 (Qld)

Land Valuation Act 2010

An Act about land values for particular other Acts and related purposes

Chapter 1    Preliminary

1   Short title

This Act may be cited as the Land Valuation Act 2010

2   Commencement

Schedule 1, part 1 commences immediately after the commencement of this section.

3   Definitions

The dictionary in the schedule defines particular words used in this Act.

4   Main purpose of Act

The main purpose of this Act is to provide for how land is to be valued for particular other Acts.

Chapter 2    Valuations

Part 1    Valuations and their purposes

5   Valuer-general to make valuations

(1)The valuer-general must decide the value of land, as provided for under this Act, for the purposes mentioned in section 6.

(2)A decision under subsection (1) about the value of land is a valuation of the land.

Note—

See also the schedule, definition valuation, for the meaning of that term in various contexts.

(3)The types of valuations are—

(a)valuations made under section 72(1) of all lands in a local government area (annual valuations); and

(b)valuations made under part 5 (maintenance valuations).

(4)An annual valuation or maintenance valuation may be issued for any or all of the purposes mentioned in section 6(1).

6   Statutory purposes of valuations

(1)The value of land under a valuation is its value for—

(a)any liability under the Land Tax Act 2010 (the Land Tax Act) for land tax relating to the land; and

Note—

See the Land Tax Act, sections 16 and 17.

(b)the making and levying of rates; and

(c)the calculation of rent under the Land Act 1994 (the Land Act) for a Land Act tenure but only to the extent that Act provides for the value to be so used.

(2)A valuation for the purpose mentioned in subsection (1)(a) is a land tax valuation.

(3)A valuation for the purpose mentioned in subsection (1)(b) is a rating valuation.

(4)A valuation for the purpose mentioned in subsection (1)(c) is a Land Act rental valuation.

(5)If—

(a)another Act refers to the value or rateable value of land; and

(b)a valuation is in effect for the land;

the value or rateable value is that valuation.

Part 2    Valuation methodologies

7   What is the value of land

The value of land is as follows, as affected by any other relevant provision of this chapter—

(a)for non-rural land—its site value;

(b)for rural land—its unimproved value.

Note—

See, however, chapter 10, part 4, division 1 (Offset for change to particular site values for non-rural land).

8   What is non-rural land

Non-rural land is—

(a)land other than rural land; or

(b)land that is not zoned under a planning scheme.

9   What is rural land

Land is rural land if—

(a)under section 10, it is zoned rural land and it has not, under section 11, ceased to be…