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South Australia was the first Australian state to introduce a land tax, based on the unimproved capital value of land, in 1884. [6] [7] In 1910, George Allen (first secretary to the Treasury) founded the Land Tax Office to service land taxes at the federal level as a form of wealth tax and as a means to break up large tracts of underutilised land.
A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. [3] [4] The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century.
A valuer general or valuer-general (plural: valuers general, valuers-general [1]) is the chief government official in charge of the land valuation system in their jurisdiction. [ 2 ] Australia
The Australian Property Institute (API) is a professional industry body representing residential, commercial and plant and machinery valuers, analysts, fund managers and property lawyers. The API was originally formed in 1927 as the Commonwealth Institute of Valuers. [ 1 ]
The land was approved by the Land Board (renamed Court). The Land Board reported to the Minister on the fair value of the land to the owner, demand for land in the neighborhood, suitability of the land, permanency of water, probability of selection and absence of sufficient crown land in the area. [7]
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation.
There are 21 Queensland Government departments, each responsible for delivering a portfolio of government legislation and policy. [1] Each portfolio area is led by a minister who is a senior member of the governing party in the state Legislative Assembly .
The 319 counties of Queensland in 1901. Lands administrative divisions of Queensland refers to the divisions of Queensland used for the registration of land titles. There are 322 counties, and 5,319 parishes within the state. [1] [2] They are part of the Lands administrative divisions of Australia. Queensland had been divided into 109 counties ...