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Adverse natural events occur regularly and present challenges for landowners in many parts of Queensland. The following information explains how floods and adverse weather events like cyclones are considered in your land valuation, as well as what you can do if your land has been permanently damaged.
When reviewing a valuation due to an adverse natural event, we consider a range of issues, including:
property sales within flood-affected areas that may be subject to severe or minor flooding events from time to time
how the land is used
whether this type of event has occurred previously and is already reflected in the valuation
permanent physical damage to the land
the level, extent and duration of any flood inundation
the date when the damage or loss of value to the land occurred
the length of time before rural land can be brought back into full production, where applicable.
We only value your land, so structures on your land, such as houses, buildings and fences, are not considered when we calculate the land value.
Because the full impact of adverse natural causes on the market value of land may not be evident for some time after the event, we continue to monitor market movements throughout the year and reflect any market effects at the next valuation.
Your land valuation considers the impact of historic flooding—this may also be reflected in property market sale transactions.
The State Valuation Service monitors the impact of flooding and other adverse weather events on property market sales and this information may inform future land valuations.
Valuers consider a range of information including:
property sales within flood-affected areas that may be subject to severe or minor flooding events from time to time
how the land is used
the date when the damage or loss of value to the land occurred.
We only value your land, so structures on your land, such as houses, buildings and fences, are not considered when we calculate the land value.
If you don't agree with your new valuation, and can provide information to show that it's incorrect, you can lodge an objection within 60 days of the date the valuation was issued.
The 60-day objection period for the 2023 land valuations closed on 16 May 2023.
You can let us know of any adverse weather event that impacted your land using our online form.
Check your notice to see which valuation methodology (either site value or unimproved value) was used to value your land. Then read the relevant guide: