Rateable value differences in council rate and land tax

Should the 2 values be the same?

I have just received my land tax 'assessment' and my properties have been rated as follows:
1. Land Value $507K; but on my council rates it says $377K (base date 1/7/13)
2. Land Value $197K; but on my council rates it says $226K (base date 1/7/15)

Why is there such a discrepancy, and should I be calling the council/ OSR to get these rates changed?

 

Rateable value is based on the valuation issued every 3 years (refer schedule) and the land tax is calculated on the average of the last 3 years - so in the example below land tax is calculated on the 3 year rolling average so 2013-2015 = Avg $1,410k vs 2015 $2,080k

 

That's just showing off.

Nice value change over 4 years. Wonder what 2016 will be. Almost makes paying tax fun. Bahahaha.

 

Not when the property is unleaseable and your land tax alone runs at $435/wk ($22.5k)

 

Ouch. Why not leased?

 

@Cactus - they've had semi-commercial/light industrial uses prior to rezoning but the use is now incompatible with the zoning, they're uninhabitable as houses due to the previous uses & existing use rights have lapsed.

 

Would have thought that would be a valuers dream objection case. Have you considered engaging one?

 

You're dreaming! Plenty of sales evidence over $8000/m2. Not a snowball's chance in hell of winning the argument.

 

If it. Can't derive an income though then in can be discounted. If you need to spend money on it to get income etc can be taken into account.

 

Are you saying the re-zoning has increased the value of the site? If the property is still utilised as the previous use (which has a lower value of the new use/zone) you can apply for a postponement of rates.

Your rates on the higher value will be postponed until sale of the property for a maximum of 5 years, and you'll only pay rates on the lower values