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Form 58U: Notice Of Objection Unimproved Land Valuation 2026
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How to use or fill out Form 58U: Notice Of Objection Unimproved Land Valuation
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- Click ‘Get Form’ to open it in the editor.
- Begin with Section 1, where you will provide property details. Refer to your valuation notice for accurate information such as the owner's name, Property ID, and local government details.
- In Section 2, enter your contact details for correspondence. If an agent is acting on your behalf, include their information here.
- If applicable, complete Section 3 by stating the new unimproved valuation sought if it exceeds $750,000. Provide a single value only.
- Move to Section 4 to specify grounds for your objection. Clearly outline each ground and attach supporting evidence like valuation reports or sales information.
- If using an agent, complete Section 5 with their details and ensure you provide written consent.
- Finally, sign the declaration in Section 6 confirming that all provided information is accurate before submitting your form.
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How often are land valuations done in QLD?
Valuations are issued annually across the state, except in unusual circumstances or where the Valuer-General, after consultation with local government and industry groups, determines there has been insufficient market movement in a local government area to warrant an annual valuation.
What is the land value threshold in Qld?
As shared by the State Government, in Queensland, land tax is calculated based on the total taxable value of your freehold landholdings as of midnight on 30 June each year. For individuals, land tax becomes applicable when the combined value of their land exceeds a threshold of $600,000.
What is unimproved value in Qld?
We value land depending on if it is rural land or non-rural land. Rural land is valued based on its unimproved value. This is the value of the land in its natural condition, without any improvements such as houses, fences, levelling etc. Non-rural land is valued based on the site value of the land.
How much does a property valuation cost in Queensland?
How Much Does a Property Valuation Cost? Type of Property ValuationEstimated Cost Standard residential property $300 $600 High-value or complex residential $600 $1,000+ Commercial or industrial property $1,000 $5,000+ Rural or specialised property Varies widely ($2,000+)1 more row Sep 12, 2025
How do I dispute a land valuation in Qld?
You can lodge an objection to an assessment or reassessment if you feel an incorrect decision has been made. Objections must be lodged within 60 days. contacting the Valuer-General if you believe the statutory land value of any parcel of land is too highwe cannot consider an objection on these grounds.
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People also ask
How does a bank valuation vary to a property valuation in QLD?
A bank valuation is usually more conservative because the lender wants to minimise their risk should the loan be defaulted. An independent property valuation aims to determine the fair market value of the subject property based on the objective research and is completed by an independent valuer.