The new Land Valuation Act (LVA) 2010 is a momentous departure from the previous system. The 66 year old dogma of unimproved land value is now replaced by site value as a basis of calculating Council General Rates and State land Tax for “non-rural” lands in Queensland. Background Since 1944 unimproved land value has been … Continue reading NEW “SITE” VALUE FOR RATES & LAND TAX