WELD CLUB TRUSTEES and VALUER GENERAL [2007] WASAT 256
| STATE ADMINISTRATIVE TRIBUNAL | Citation No: | [2007] WASAT 256 | |
| VALUATION OF LAND ACT 1978 (WA) | |||
| Case No: | DR:311/2005 | 6, 7, 8, 9, 10 NOVEMBER 2006 AND 14 DECEMBER 2006 | |
| Coram: | JUSTICE M L BARKER (PRESIDENT) MR R J PRIEST (SENIOR SESSIONAL MEMBER) | 10/10/07 | |
| 22 | Judgment Part: | 1 of 1 | |
| Result: | Unimproved land valuations affirmed Application dismissed | ||
| B | |||
| PDF Version |
| Parties: | WELD CLUB TRUSTEES VALUER GENERAL |
Catchwords: | Valuation of land Site in Perth central business district "Unimproved value" Comparable sales approach Challenge to methodology and assumptions of Valuer General Concept of "standard inside lot" |
Legislation: | City of Perth City Planning Scheme No 1, cl 48, cl 138 Valuation of Land Act 1978 (WA), s 4(1) |
Case References: | AMP Life Ltd and Valuer General [2007] WASAT 257 St Martins' Centre Pty Ltd v Valuer General (2003) 30 SR (WA) 218 Western Australian Planning Commission v Arcus Shopfitters Pty Ltd [2003] WASCA 295 |
Orders | 1. The unimproved land assessments issued by the Valuer General and effective as at 1 August 1998 and 1 August 1999, are affirmed.,2. The application is dismissed. |
JURISDICTION : STATE ADMINISTRATIVE TRIBUNAL STREAM : DEVELOPMENT & RESOURCES ACT : VALUATION OF LAND ACT 1978 (WA) CITATION : WELD CLUB TRUSTEES and VALUER GENERAL [2007] WASAT 256 MEMBER : JUSTICE M L BARKER (PRESIDENT)
- MR R J PRIEST (SENIOR SESSIONAL MEMBER)
- Applicant
AND
VALUER GENERAL
Respondent
Catchwords:
Valuation of land Site in Perth central business district "Unimproved value" Comparable sales approach Challenge to methodology and assumptions of Valuer General Concept of "standard inside lot"
Legislation:
City of Perth City Planning Scheme No 1, cl 48, cl 138
Valuation of Land Act 1978 (WA), s 4(1)
(Page 2)
Result:
Unimproved land valuations affirmed
Application dismissed
Category: B
Representation:
Counsel:
Applicant : Mr MN Solomon
Respondent : Mr BP King and Ms CA Ide
Solicitors:
Applicant : Phillips Fox
Respondent : State Solicitor's Office
Case(s) referred to in decision(s):
AMP Life Ltd and Valuer General [2007] WASAT 257
St Martins' Centre Pty Ltd v Valuer General (2003) 30 SR (WA) 218
Western Australian Planning Commission v Arcus Shopfitters Pty Ltd [2003] WASCA 295
(Page 3)
Summary of Tribunal's decision
1 The Valuer General assessed the unimproved land value of 1 Barrack Street, Perth, at $19,700,000 on 1 August 1998 and 1 August 1999. The applicant, the registered proprietor of the land, objected to the valuations.
2 The Tribunal considered the competing methodologies of the expert valuers called by the parties and examined the comparable sales put forward by both valuers.
3 The Tribunal preferred the approach of the Valuer General's valuer and affirmed the assessments.
Issues
4 The…
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- Case
- [2007] WASAT 256
- Decision Date
CaseChat Overview and Summary
The central legal issue was whether the Valuer General's method for determining the unimproved land value was correct. This involved scrutinising the Comparable Sales Approach and the underlying assumptions, particularly the concept of a "standard inside lot". The Trustees argued that the Valuer General's approach did not accurately reflect the specific characteristics and market conditions of the property in question.
The Court found that the Valuer General's methodology was sound and appropriately applied to the site. The concept of a "standard inside lot" was deemed reasonable given the lack of comparable properties. The Court concluded that the assessments accurately reflected the unimproved value of the land, and the Trustees' challenge was dismissed. The Court affirmed the assessments for the years 1998 and 1999 and dismissed the application for review.
Orders
Orders of the court
1. The unimproved land assessments issued by the Valuer General and effective as at 1 August 1998 and 1 August 1999, are affirmed. 2. The application is dismissed.
Background
Background to the litigation
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Evidence
Evidence Before The Court
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Decision
Reasons for decision
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Ratio Decidendi
Legal Principle Established
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