8 March 2013- The Urban Taskforce concerns with the valuation system relates primarily to the:
- unrealistic broad-brush land values being applied to greenfield land based on land zoning without due consideration of:
- actual land use;
- development capability of the land;
- need and cost of provision of essential infrastructure;
- requirement for land owners to pay land tax upfront based on land valuations in dispute and/or subject to legal challenge;
- costs not being awarded to the appellant when land valuations are determined by the courts.