Looking for some help from RiotActers before start making calls to the toy government.
Got my rates notice yesterday and have seen a huge jump in the unimproved value of my block of land.
Here are the details
Chisholm, 800m2 block, basic 3 bedroom 120m2 house on it.
Past three ULV’s
2006 – 151k
2007 – 160k
2008 – 192k
I know this jump doesn’t amount to too much in my rates but I’d like to know exactly how they arrive at the figure. And why the huge jump this year? If as it says on the info sheet they have to go on past house sales for the area, then remove the cost of putting the house on the block – can I assume that house prices in sunny Chisholm have jumped exactly 20%?
If anyone has had experience with disputing the valuation I’d be keen to hear how it went.