In today’s Cairns Post you will find an article which reveals Port Douglas Land Values have dropped by 20%.
The Queensland’s Valuer-General Neil Bray released the annual land valuations for properties yesterday. They were sent to more than 1.6 million landowners in Queensland.
If you are a landowner in Port Douglas, now is the time to make sure you are not paying too much in Council Rates.
If the real value of your property has gone down, so too should your council rates!!
You will need to compare the U.C.V on your property, if the Department of Environment and Resources agrees to there has been a decrease in the U.C.V then the Cairns Regional Council has to adjust your rates, down, as a consequence of a decrease in the U.C.V
Time is of the essence – you (the rate payer) only have a window of 45 days after the State Government Department of Environment and Resources releases the statutory land valuations to dispute the U.C.V. Starting NOW!!
To find out more, this is the link to the Department of Environment and Resources http://www.derm.qld.gov.au/
Also you will need to get in touch with the Cairns Regional Council and question your annual rates.
To read the article in the Cairns Post about the decrease in land value in Port Douglas http://www.cairns.com.au/article/2011/05/04/162061_local-news.html