Council needs put ahead of valuation

LAND value estimates are steady in Launceston and plummeting on the West Coast but may not have much effect on deciding the new level of rates across the state.

Valuer-General Warrick Coverdale has released a series of adjustments to the value of land across the state, called land value adjustment factors.

These figures allow council rate assessments to be more closely aligned to current property values.

Launceston has a valuation factor of one across all land classes, meaning an unchanged value.

West Tamar was also unchanged and  Northern Midlands residential land had a slight increase to 1.05, while George Town recorded a decrease to 0.90.

Dorset residential value was down slightly, with a figure of 0.95, and Meander Valley was up slightly at 1.05.

The biggest mover in the state was Zeehan on the West Coast, with a halving of land value to 0.50.

Launceston Mayor Albert van Zetten said rates were set using the assessed annual value system, which is similar to the rental value - land plus improvements.

Alderman van Zetten said land value factors and other issues were considered but the main calculation was deciding how much money the council needed and working back from there.

A draft budget should be released for public comment in May and the council would adopt the budget the following month.

He said the council had already had more than 500 responses to an online feedback campaign called Your Voice, Your Launceston over a range of issues, but more comments were welcome.

West Coast Mayor Robyn Gerrity said the Zeehan valuation change was probably just correcting previous overvaluations and the town was ``pretty much the same as for the last five years''.

Launceston Mayor Albert van Zetten

Launceston Mayor Albert van Zetten


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