Land Tax

In reply to the Hon. F. PANGALLO (31 July 2019).

The Hon. R.I. LUCAS (Treasurer): I have been advised the following:

1. The estimated implementation costs associated with the proposed land tax aggregation measure are presented on page 13 of the 2019-20 Budget Measures Statement. The information presented has been summarised below for your reference. The final costs will ultimately depend on the form of the proposal approved by parliament.

Land tax—aggregation

Budget implications ($000)

The initiative provides additional administration costs of $4.6 million and systems development costs of $3.5 million for RevenueSA to implement the necessary changes and assist taxpayers' transition to the new arrangements.

2. An objection to a property valuation may only be made by the owner or occupier within 60 days of receiving the first rate notice from any rating authority for the financial year. An outcome on the objection decision will be determined as soon as practicable as per section 25 of the Valuation of Land Act 1977. The length of time an objection decision may take depends on various factors relating to the property and its attributes.

Applicants are currently advised by the Valuer-General that every effort is made to determine an outcome within 12 weeks. In 2018-19 on average, objections were completed in around eight weeks with 80 per cent completed within 10 weeks of being lodged.

There is no fee charged to lodge an objection.