Licensed Valuers & Property Valuation Consultants, Perth, Western Australia
Independent licensed valuers & Property valuation consultants
Established 1984 | Expert Valuation Advice | Licensed Valuers

COUNCIL RATES & GROSS RENTAL VALUE OBJECTIONS

Friday, August 2nd, 2019

July & August is when the Local Councils and Shires send out their annual Rates Notices. Landowners often question the amount of Council Rates that are required to be paid. In most circumstances, commercial property landowners pass the cost onto the tenants, who then dispute the amount of rates to be paid. Only the Gross Rental Value or GRV can be objected to. Not the rate in the dollar. Council Rates are based on a rate in the dollar of the Gross Rental Value (GRV) assessed by the Valuer Generals Office at Landgate.  Under the Valuation of Land Act 1978, “Any ...

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Unimproved Value objection for Land Tax purposes

Tuesday, July 23rd, 2019

It is now the time of the year that Department of Finance – Office of State Revenue’s Land Tax notices are being delivered to landowners. Landowners often question the amount of Rates that are required to be paid. In most circumstances, commercial property landowners pass the cost of Land Tax onto tenants, who then dispute the amount of rates to be paid. Only the Unimproved Value or UV can be objected to. Not the rate in the dollar. This requires a Unimproved Value objection for Land Tax purposes. Land Tax is an annual tax, based on a rate in the dollar ...

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Land Tax increases hurt land owners

Monday, November 9th, 2015

On 24 September 2015 The Land Tax Amendment Bill 2015 was passed by the Parliament and received the Royal Assent as the Land Tax Amendment Act 2015. Changes from the old Land Tax Act 2002 to the new Land Tax Amendment Act 2015 that affect the assessment of land tax as of the 2015-16 assessment year include: the introduction of a flat minimum land tax rate of $300 for taxpayers who hold land with a taxable value between $300,000 and $420,000; changes to the thresholds at which rates change; and increases of all rates except the top marginal rate of land tax. Based on our review of ...

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Gross Rental Valuations to be tested as Council Rates issued

Wednesday, July 23rd, 2014

The Licensed valuers at Garmony Property Consultants have already started to receive enquiries about objections to increases in Gross Rental Values (GRV) for commercial properties. As local councils issue rates notices to land owners, enquiries to our licensed valuers have commenced, as some property owners have received significant increases to the Gross Rental Value (GRV) assessments which form the basis for council rates and taxes. The GRV which is the value used to multiply the council’s “rate in the dollar” to determine the Council rates amount payable is determined by the Valuer General. If the GRV appears too high, the land ...

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Land Tax Notices – Objections have commenced

Friday, November 29th, 2013

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 ...

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Land Tax information 2011-2012

Thursday, October 27th, 2011

What Land is Taxable? Taxable land is land you owned at 30 June 2011, excluding exempt land. Examples of taxable land include: • vacant land; • residences which are not used by the owners as their primary residence; • ‘secondary’ residences such as holiday homes, holiday units or hobby farms; • rental homes or units; • commercial properties including shops, offices and factories; • land held in trust or owned in a company name; • entitlement to land under any lease or licence from the Crown; • land used for business, commercial, professional or trade purposes under arrangements with the Crown, Crown instrumentalities, local authorities or public statutory bodies. Who ...

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