Like all local households I received my land valuation notice in the mail in the last week or so. What I did notice that remarkably, once again, the value of my land ‘increased’ by 10% again. Of course my rates are based on that land value so once again up they go.
Now my question is who does these assessments because I’m damn sure my ‘house’ as such isn’t increasing in value by 10% every year. If it was I would be getting ready to sell it and pay cash for a new one in a few years based on a climb of that nature.
Its quite strange that the assessment of my land alone makes it look like a far more attractive investment than my whole house, but surely this wouldn’t be something like the government just gouging more money out of me……surely?