Evidence to support your objection
Evidence to support your objection
You should provide evidence to support your objection. You must provide all the evidence you are relying on at the time you lodge your objection as there is no further opportunity to provide evidence later. Therefore, you should carefully consider the evidence you are providing to ensure that it supports your objection.
Your objection should focus on evidence that is relevant to the valuing year and that demonstrates your suggested land value is correct. If you do not provide supporting evidence, we will disallow your objection.
What to provide
If you believe your land value is too high or too low you will need to:
- tell us what you think your land value should be, with an explanation and rationale supporting your contended land value
- provide three (3) sales to support your contended land value. You must tell us how or why the sales are comparable to your property.
Sales evidence to support your objection
To support your objection, you should reference sales of similar properties in the valuing year.
Where sales evidence is limited, older sales can be utilised although an explanation as to why the sale is relevant to the valuing year of your objection is required. If you are using the sale of your own property as evidence, it is optional to provide additional sales.
The sales evidence should support your contended land value. You may use sales from the benchmark component report, valuation sales report or other sales information. These can be accessed from the Valuer General’s website or from your Information Kit if you have requested one. The benchmark component report shows the purchase price and adjusted land value of property sales the valuer considered during the valuation process. The valuation sales report is a sample of sales in your area.
Valuers determine a property’s adjusted land value by:
- deducting the value of any improvements - you may find more information about this in the ‘Added value of improvements tables’ for your local government area at valuergeneral.nsw.gov.au
- adjusting the sale price to reflect the property market as at 1 July in the valuing year
If you cannot find sales of similar properties in your area in the valuing year, you should consider sales from other areas or years. You must provide the addresses, sale dates and details of how each property is or is not comparable to yours.
Examples of sales evidence
Objection example - too high
You have been issued a land value of $500,000 in the valuing year. You consider that this is too high and have decided to object. You believe your land value should be $410,000 so you provide the following sales evidence and rationale.
I believe my value should be
$410,000
Comparable sale 1 details
- Address: 29 Piper St, Anywhere
- Description: Lot 1/DP12345
- Contract date: 4 March in valuing year
- Sale Price: $670,000
Rationale
29 Piper Street is the same size and has similar views to my property. The benchmark component report has an adjusted land value of $410,000 which supports my contended value of $410,000.
Comparable sale 2 details
- Address: 54 Able St, Somewhere
- Description: Lot 2/ DP56789
- Contract date: 10 May in valuing year
- Sale Price: $680,000
Rationale
This property is larger than my property and is closer to the local school and shops. The sale has an adjusted land value of $460,000. Allowing for the improvements and larger land area this supports my contended value of $410,000.
Comparable sale 3 details
- Address: 9 Triumph St, Anywhere
- Description: Lot 2/ DP23456
- Contract date: 9 September in valuing year
- Sale Price: $650,000
Rationale
This sale is larger than my property with better views. The sale has an adjusted land value of $440,000. Allowing for the improvements and views this supports my contended value of $410,000.
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