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The Department of Resources provides us with land valuations. Department of Resources last re-valued the Toowoomba Region effective 30 June 2021.
No. The extent that rates may increase is not directly reflective of the percentage increase of the land valuation. The land valuation is just one factor considered to determine rates.
The land valuations were used by us to calculate rates for the 2021/22 financial year.
Rates and charges are determined during the annual budget process each financial year. Council adopts this in June for the following financial year. The process includes:
Historically we have used a combination of 'averaging' of the valuation over 3 years and 'rate capping' to help minimise the impact of large valuation increases.
We also use a comprehensive system to calculate rates that recognise the diverse demographics of the region. We consider changes to valuations with a view to minimising the overall impact on ratepayers.
To compare valuations of the other properties in your area please visit the Queensland Globe website.
If you object to the valuation of your property, you may wish to lodge an objection with Department of Resources. Please note objections can't be lodged through us as the land valuations are determined by the Department of Resources.