LPI & Valuing HCP’s

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    John Towers
    Participant

      Life Member

      It appears there has been some discussion regarding teh valuing & rating of properties contained in HCP’s & whether there might no longer be the provision of separate valuations for the various occupancy’s within “HCP Super Lots”.

      This could have a significant impact on the rates at some councils as they will go from issuing multiple rate notices, inclusive of multiple base amounts or minimums, to issuing an individual rate notice containing a single base amount. If your base amount is $500.00 & there are 50 HCP lots the loss would be $24,500.00 in year one.

      If your council has a lot of these then obviously the impact would be significant.

      Whilst this is only embryonic at this stage, if you have some of these type of valuations would you please note an approximate cost to your Council in year 1 (assuming this year) so that if necessary the argument can be made at the appropriate time.

      I do recall that this was talked about some years ago, at the behest of Housing, & the idea was abandoned due to the additional workload it would impart on housing staff however computer systems are much more advanced now.

      If you would like to discuss any concerns with this please do not hesitate to contact me direct.

      JT

      • This topic was modified 4 years, 7 months ago by Andrew Butcher. Reason: Moved from latest news
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