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Grounds for objection of land tax assessments

Grounds for objection to land tax assessments may vary depending on the jurisdiction, but generally, there are some common reasons that property owners might use to challenge their land assessments. It’s important to consult the specific laws and regulations in your jurisdiction, as they can differ. Here are some common grounds for objection:

1.

Incorrect Property Valuation: If the assessed value of your property is inaccurate or based on outdated information, you may have grounds for objection. Instruct First Valuation Group to provide an alternative valuation.

2.

Exemption Eligibility: Some properties may be eligible for exemptions or reductions in land tax based on factors such as agricultural use, conservation, or historical significance. If you believe your property qualifies for an exemption, you can object to the assessment.

3.

Improper Assessment Methods: If the tax authority used incorrect methods to assess the value of your land, such as using outdated market data or inappropriate valuation approaches, you may have a valid objection.

4.

Data Errors: Mistakes in the property records, such as incorrect lot size, property dimensions, or other relevant data, could be grounds for objection.

5.

Change in Property Use: If there has been a change in the use of the property that would affect its assessed value (e.g., rezoning change in land use, or development restrictions), you may have a basis for objection).

6.

Comparable Sales Discrepancies: If the tax authority used inaccurate or inappropriate comparable sales to assess your property, you may be able to challenge the assessment.

7.

Economic Hardship: In some jurisdictions, property owners facing financial hardship may be eligible for relief or adjustments to their land tax assessments. You may need to provide evidence of economic hardship to support your objection.

8.

Procedural Errors: If there were errors or irregularities in the assessment process, such as failure to provide notice or follow prescribed procedures, you may have grounds for objection.

It’s crucial to carefully review the specific rules and procedures outlined by the State Revenue Office and to gather supporting documentation before filing an objection.

Please contact the writer to assist with navigating the objection process.

Mark Ruttner FAPI (API), CEA (REIV), MRICS CPV AAIM

mr@fvg.com.au 0411 419 674

First Valuation Group
Suite 110/181, St Kilda Road, St Kilda, Victoria, 3182
valuations@fvg.com.au