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<hansard id="" tocId="" xml:lang="EN-AU" schemaVersion="1.0" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xml="http://www.w3.org/XML/1998/namespace" xmlns:xsi="http://www.w3.org/2007/XMLSchema-instance" xmlns:mml="http://www.w3.org/1998/Math/MathML" xsi:noNamespaceSchemaLocation="hansard_1_0.xsd">
  <name>Legislative Council</name>
  <date date="2019-09-24" />
  <sessionName>Fifty-Fourth Parliament, First Session (54-1)</sessionName>
  <parliamentNum>54</parliamentNum>
  <sessionNum>1</sessionNum>
  <parliamentName>Parliament of South Australia</parliamentName>
  <house>Legislative Council</house>
  <venue></venue>
  <reviewStage>published</reviewStage>
  <startPage num="4413" />
  <endPage num="4441" />
  <dateModified time="2022-08-06T14:30:00+00:00" />
  <proceeding continued="true">
    <name>Answers to Questions</name>
    <subject>
      <name>Land Tax</name>
      <text id="2019092460cf32b7654b4eae80000485">
        <inserted>
          <heading>Land Tax</heading>
        </inserted>
      </text>
      <talker role="member" id="3404" kind="question">
        <name>The Hon. J.A. DARLEY</name>
        <house>Legislative Council</house>
        <questions>
          <question date="2019-09-24">
            <name>Land Tax</name>
          </question>
        </questions>
        <text id="2019092460cf32b7654b4eae80000486">
          <inserted>In reply to <by role="member" id="3404">the Hon. J.A. DARLEY </by>(1 August 2019).  </inserted>
        </text>
      </talker>
      <talker role="member" id="605" kind="answer">
        <name>The Hon. R.I. LUCAS</name>
        <house>Legislative Council</house>
        <questions>
          <question date="2019-09-24">
            <name>Land Tax</name>
          </question>
        </questions>
        <text id="2019092460cf32b7654b4eae80000487">
          <inserted>
            <by role="member" id="605">The Hon. R.I. LUCAS (Treasurer):</by>  I have been advised the following:</inserted>
        </text>
        <text id="2019092460cf32b7654b4eae80000488">
          <item>
            <inserted>The average % increase for site values in Unley:&amp;#x9;&amp;#x9;&amp;#x9;+11.2%</inserted>
          </item>
        </text>
        <text id="2019092460cf32b7654b4eae80000489">
          <item>
            <inserted>The average % increase for site values in Walkerville: &amp;#x9;&amp;#x9;&amp;#x9;+10.1%</inserted>
          </item>
        </text>
        <text id="2019092460cf32b7654b4eae80000490">
          <item>
            <inserted>The average % increase for site values in Adelaide Plains:&amp;#x9;&amp;#x9;+7.1%</inserted>
          </item>
        </text>
        <text id="2019092460cf32b7654b4eae80000491">
          <item>
            <inserted>The average % increase for capital values in Unley:&amp;#x9;&amp;#x9;&amp;#x9;+5.4%</inserted>
          </item>
        </text>
        <text id="2019092460cf32b7654b4eae80000492">
          <item>
            <inserted>The average % increase for capital values in Walkerville:&amp;#x9;&amp;#x9;+4.8%</inserted>
          </item>
        </text>
        <text id="2019092460cf32b7654b4eae80000493">
          <item>
            <inserted>The average % increase for capital values in Adelaide Plains:&amp;#x9;&amp;#x9;+11.0%</inserted>
          </item>
        </text>
        <text id="2019092460cf32b7654b4eae80000494">
          <item>
            <inserted>To arrive at the above percentage figures the following calculation was undertaken:</inserted>
          </item>
        </text>
        <text id="2019092460cf32b7654b4eae80000495">
          <item sublevel="1" bullet="true">
            <inserted>the percentage change of each property was determined and the average of those changes was calculated for the three local government areas requested;</inserted>
          </item>
        </text>
        <text id="2019092460cf32b7654b4eae80000496">
          <item sublevel="1" bullet="true">
            <inserted>the valuations that have been used were in force in the 2018-19 financial year compared to the 2019-20 financial year (2019-20 data was as at 8 July 2019);</inserted>
          </item>
        </text>
        <text id="2019092460cf32b7654b4eae80000497">
          <item sublevel="1" bullet="true">
            <inserted>where the owner of land was entitled to a concessional notional value, these were ignored in the calculations and the regular substantive values for the property were used in their place; and</inserted>
          </item>
        </text>
        <text id="2019092460cf32b7654b4eae80000498">
          <item sublevel="1" bullet="true">
            <inserted>the calculation also included the uplift in value associated with new improvements, such as houses being valued for the first time resulting in valuation changes much greater than regular market movement.</inserted>
          </item>
        </text>
      </talker>
    </subject>
  </proceeding>
</hansard>