All Topics / General Property / Un-improved land value

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  • Profile photo of HT-007HT-007
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    @ht-007
    Join Date: 2004
    Post Count: 8
    April 22, 2004 - 3:57 am

    Hi all,

    Is there a way to work out roughly the un-improved land value using information on the Rate Notice?

    Thanks

    HT

    Profile photo of investroninvestron
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    @investron
    Join Date: 2003
    Post Count: 92
    April 22, 2004 - 4:10 am

    the unimproved value should be on the rate notice, that’s usually what the council uses to work out the basic rates plus services.

    Profile photo of JobeeJobee
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    @jobee
    Join Date: 2004
    Post Count: 25
    April 22, 2004 - 4:10 am

    My unimporved land value is actually written on the rates. I guess its different in different areas? Seems strange.

    Profile photo of HT-007HT-007
    Member
    @ht-007
    Join Date: 2004
    Post Count: 8
    April 22, 2004 - 7:13 am

    Our rate notice has GRV (Gross Rental Value), and the way they work out the basic rates is:
    GRV = 8000
    Rates = 8000 x 0.079 (residential rate)
    = $632

    but I don’t know how the above relates to the un-improved land value.

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