AgForce says it is comforted to see no change in the way rural properties will be valued, after the state government introduced the Land Valuation Bill 2010 in parliament on Thursday.
AgForce CEO Robert Walker said the government was seeking to provide Queensland with a more transparent and contemporary valuation system in line with other states through the Bill, which would consider the market value of non-rural land.
"AgForce is glad to see that despite the new act, rural properties will continue to be valued through the same process they were in the past through comparing sales on similar properties," Mr Walker said.
"Under the Bill, valuations for non-rural land will be assessed on site value from 2011 and consider the value of any improvements which have been made to the land, which may include filling, clearing and drainage works.
"The government has also undertaken to consult with industry before and after issuing new unimproved values, a process AgForce will participate in to represent our members."
Other reforms in the new Bill, subject to being passed in parliament, include simplifying the objections process for landowners and the introduction of annual valuation cycles.
"Any changes to the valuations objections process for landowners needs to ensure that landowners can still easily object to government valuations when they have reasonable grounds," Mr Walker said.
"AgForce welcomes any system that would give landholders more certainty and confidence that year in and year out they’re able to predict what, within reason, what increases in rates and leasehold rents are going."
The government also announced the employment of 25 new staff and a Valuer-General to manage the reforms and to provide transparency in the assessment and issuing of valuations.
Landowners will be advised of their new valuations in March next year.