More than 793,000 landowners in 24 local government areas will receive new land valuations in March next year.

Queensland’s acting Valuer-General Suzanne Stone today announced valuers from the State Valuation Service were assessing property markets and properties from now until early 2023.

“The State Valuation Service’s team of almost 140 expert valuers will be gathering on-the-ground information, as well as undertaking desktop assessments, including research on property sales since the last valuation,” Ms Stone said.

“Their assessments will see new land valuations issued for properties covering nearly 46 million hectares by March 31.

“Land valuations provide independent data for various industries and allows landowners to monitor the movement in the value of their land.

“Local governments and the Queensland Revenue Office may use this information as an input to their rating and land tax considerations.”

The local government areas being revalued are:

Ms Stone said the decision to revalue an LGA is based on several factors.

“These include a detailed property market analysis, the timing since last valuation and the results of consultations with individual local governments and industry stakeholders,” she said.

“For Brisbane, Ipswich and Logan the revaluation will also take into account the impact of flooding that ravaged the area in early 2022.”

“A land valuation overview for each LGA will be published online when valuations were issued to landowners.

“These overviews are a useful tool for owners to understand the change in the value of land in their area.”

Land valuations will remain unchanged in local government areas that are not revalued.

The new valuations will take effect from 30 June next year.

Queensland landowners can sign up to receive their 2023 land valuation notice by email at qld.gov.au/landvaluation