Podcast
Questions and Answers
What percentage of the value rate should be considered for areas up to 500 sq. m?
What percentage of the value rate should be considered for areas up to 500 sq. m?
- 70%
- 100% (correct)
- 80%
- 90%
Which area size corresponds to considering 80% of the value rate?
Which area size corresponds to considering 80% of the value rate?
- Up to 500 sq. m
- Above 4000 sq. m
- 501 sq. m to 2000 sq. m
- 2001 sq. m to 4000 sq. m (correct)
If a non-agricultural rate isn't specified for a developable area in a rural region, what value rate should be considered?
If a non-agricultural rate isn't specified for a developable area in a rural region, what value rate should be considered?
- 100% of the agricultural rate
- 25% of the non-agricultural rate
- 50% of the non-agricultural rate (correct)
- 75% of the agricultural rate
What is the second step in calculating the assessment when using the provided table?
What is the second step in calculating the assessment when using the provided table?
For areas between 501 sq. m and 2000 sq. m, what percentage of the value rate is considered?
For areas between 501 sq. m and 2000 sq. m, what percentage of the value rate is considered?
If there is a developable area within a rural area, what should you consider for potential non-agricultural use?
If there is a developable area within a rural area, what should you consider for potential non-agricultural use?
In a development plan, what types of value departments are excluded from the agricultural and non-development areas?
In a development plan, what types of value departments are excluded from the agricultural and non-development areas?
For areas larger than 4000 sq. m, what percentage of the value rate is used?
For areas larger than 4000 sq. m, what percentage of the value rate is used?
When should you consider a rate for potential non-agricultural use in a rural area?
When should you consider a rate for potential non-agricultural use in a rural area?
Which area sizes have a value rate consideration of 70%?
Which area sizes have a value rate consideration of 70%?
If no non-agricultural rate is avaiable, what percentage of the non-agricultural rate should be used to assess land values?
If no non-agricultural rate is avaiable, what percentage of the non-agricultural rate should be used to assess land values?
For which areas are the square meter rates only provided?
For which areas are the square meter rates only provided?
What does guideline number 16(b) of the development plan refer to?
What does guideline number 16(b) of the development plan refer to?
When calculating land value, what should be done after considering applicable rates?
When calculating land value, what should be done after considering applicable rates?
What is the first area benchmark when considering value rates?
What is the first area benchmark when considering value rates?
Which value department is excluded for areas in agricultural zones?
Which value department is excluded for areas in agricultural zones?
Which area always has a square meter rate?
Which area always has a square meter rate?
Should a non-agricultural rate be used if it is present?
Should a non-agricultural rate be used if it is present?
Select the correct value rate for areas between 501 sq. m and 2000 sq. m.
Select the correct value rate for areas between 501 sq. m and 2000 sq. m.
When calculating an assessment, what steps should you consider from gideline 16(b)?
When calculating an assessment, what steps should you consider from gideline 16(b)?
Flashcards
Land Value Calculation
Land Value Calculation
Percentage of land value to consider based on area size: 100% up to 500 sq. m, 90% from 501 to 2000 sq. m, 80% from 2001 to 4000 sq. m.
Non-Agricultural Land Rate
Non-Agricultural Land Rate
If a non-agricultural rate is unavailable for potentially non-agricultural land in a developable rural zone, use 50% of the non-agricultural rate.
Development Plan Rates
Development Plan Rates
For development plan-based agricultural or non-development zones, or regional plan areas, rates are per sq. m.
Study Notes
- Evaluation of areas is based on area size.
- Different area ranges are evaluated with varying percentage considerations for value rates, specifically for non-agricultural potential in development plan areas.
- These areas exclude agricultural zones but include developable usage zones.
Area and Percentage Details
- Up to 500 sq. meters: 100% value rate considered.
- 501 to 2000 sq. meters: 90% value rate considered.
- 2001 to 4000 sq. meters: 80% value rate considered.
- Further unspecified area: 70% value rate considered.
- Further unspecified area: 60% value rate considered.
Important Notes
- If a rate for potential non-agricultural use is available in a developable zone within a rural area, that rate should be used.
- Otherwise, consider 50% of the non-agricultural rate.
- When using the table, sum the valuation of all stages as mentioned in guideline 16(b) to determine the final valuation.
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