NSW Land Tax Objection Valuations

The NSW Valuer General or VG is the government department which handles the valuations of land for the purposes of rating and tax purposes. Revenue New South Wales manages the tax collection of all land tax revenue and manage the process when it comes to the land tax objection process.

From the date of issue, taxpayers have up to 60 days from the date of issue of their land tax assessment or Notice of Valuation to file an objection.

It is always good to check your land value when you receive your notice as there may be significant jumps in the value over the preceding year(s).

Here is a list of the possible grounds for an objection:

  • The values assigned for the property are too high or too low;
  • The area, dimensions or description of the property are incorrectly stated;
  • The apportionment of interests held by various persons of the property are incorrect;
  • Incorrect apportionment of valuations;
  • Incorrect Heritage and/or other statutory concessions or allowance;
  • The person named on the Notice of Valuation is not the lessee or owner of the land;
  • Land which should be valued separately have been included in a single valuation; and
  • Land which should be included in one valuation have been valued separately.

Vanguard Valuations are diligent when it comes to looking into the value of your land by utilising the most relevant sales evidence to help you with your objection. We start by looking at the most comparable properties within the suburb/town your property is located. Using an ‘apples for apples’ approach we look at details such as zoning, land size and shape, features, heritage restrictions and nearby development and amenities to determine an accurate value for your property.

So if you feel that there is a discrepancy with the value of your land for rating and tax purposes, please give us a call on 1300 359 886 or contact us to see how we can help you.

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