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land values in Annandale? thank you, i also called the General Valuers office today & concur that our land value is calculated as total land value for the building divided by the number of unit entitlements of our unit :) They confirmed our block of 24 units has a $3.5mill land value Our...

Hello everyone! We recently bought another IP :) and just received our first land tax bill :eek: Can someone please tell me how the Valuer General calculates the land value on units? The land value they put on our unit is 40% of our purchase price :confused: I thought the land...