Posted on Friday, November 29th, 2013 in by Matt Garmony
Western Australian property owners have been receiving their annual Land Tax notices, with some having significant increases in the Tax charged when compared to previous years.
Under the “Valuation of Land Act” any person who is liable to pay any rate or tax assessed in respect of land who is dissatisfied with a valuation of such land made under the Act, may serve upon the Valuer-General a written objection to the valuation. An authorised representative can also make an objection on the land owners behalf.
Property owners need to be aware the objection must be lodged within 60 days after the issue of a rating and taxing notice. The object can only be against the assessed land value and not the rate in the dollar applied. The object needs to be supported by a valuation or reference to comparable sales and the Valuer General – Landgate has a prescribed “Objection to Valuation Form”
The licensed valuers at Garmony Property Consultants are already undertaking Land Tax objections for some of their clients and are willing to assist others who feel the Valuer Generals valuation is incorrect.