The Valuer General is seeking feedback on the draft Review of the valuation of airport lands available here.
Under the Valuation of Land Act 1916, the Valuer General is responsible for providing independent and impartial land values for use by Revenue NSW and councils for taxing and rating. In NSW, airport lands are generally owned by the Commonwealth or councils. The Valuer General determines the annual land values for 6 Commonwealth airports, 37 council owned airports and 3 privately owned airports.
The Valuer General initiated the Review of the valuation of airport lands in order to determine the most appropriate valuation approach for airport lands in NSW.
Feedback and/or comments are welcomed via email to firstname.lastname@example.org by close of business on Friday 16 September 2022.