Heritage restricted properties are recognised under two different Acts for rating and taxing purposes.
Heritage Act 1977
The Office of Environment and Heritage holds the State Heritage Inventory which contains the State Heritage Register and details of heritage restricted properties. Properties listed on the State Heritage Register are valued under section 124 to 125 of the Heritage Act 1977. The value is known as a heritage value and takes into consideration the impact of the heritage listing. The heritage value is used for rating and taxing purposes.
Valuation of Land Act 1916
The land value of properties that are heritage restricted by a planning instrument like a local or regional environmental plan, are determined in accordance with section 14G of the Valuation of Land Act 1916. The heritage restriction is considered when determining the land value used for rating and taxing purposes.
If your property has been determined ‘heritage restricted’ it will be noted on your Notice of Valuation.
If your Notice of Valuation does not show that your property is of heritage significance and you believe it is, you can apply for a determination of the land value for heritage restricted land (PDF 69.1 KB).
More information can be found in the Valuer General’s policy Valuation of heritage restricted land (PDF 309.4 KB).
Or you can call us on 1800 110 038 or +61 2 6332 8188 (international callers).