What new land valuations will mean for your rates
IT IS unknown what affect new land valuations will have on rates, according to South Burnett Mayor Keith Campbell.
"The actual monetary affect this will have on rates is yet to be determined by council," he said.
"The rates department will present a detailed report to council in due course for the consideration of council to establish the impact of the valuation review."
Cr Campbell said if a valuation goes up it is not automatic that rates will increase to the same percentage and likewise if the valuation has decreased.
He said the council had safeguards in place where the new valuation will be taken as an average of the preceding three years.
"A rating cap is in place so that no one's rates will increase greater than 30 per cent should there be instances of a major upward adjustment to a valuation," he said.
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Cr Campbell said the council hoped to keep the 2019/20 rate increase to a sustainable level consistent with the consumer price index and if rates are increased by the CPI, the impact per rate notice will not all be relatable to CPI.
Council is now reviewing the information provided to have a full understanding of the impacts of the land valuation changes.
South Burnett residents will receive rates notices in August after the budget is released in June.
If ratepayers are unhappy with their valuations, they need to act promptly to lodge an objection with the Valuer General's Department with supporting information.