FAQs

In ascertaining the Assessed Value or Assessed Values of Development Contribution Plan No.3, all land shall be valued in its broad acre from as depicted on 1 January 2004, ignoring any services or infrastructure provided in-accordance with the provisions of the relevant local Structure Plan and applying the following principles: 

(a) regard is to be had to the land classifications and zonings existing at the date of valuation;

(b) the date of valuation is to be the date on which the local government nominates;

(c) ignoring any improvements or works on the land;

(d) the land should be valued without regard to the Common Infrastructure work and the purpose for which the land is acquired shall not be taken into consideration;

(e) in selecting relevant sales evidence, regard should be had first to values derived from land in the same area, and if there is not adequate evidence, from nearby or similar land in the area, in priority to any other sales evidence;

(f) the conservation category wetland land identified in Development Contribution Plan No. 3 is to be valued at 62.5% of the Assessed Value of nearby Urban zoned land;

(g) the method of valuation shall otherwise be in accordance with normal fair market valuation principles.

A DCP contribution liability generally only arises when a landowner is proposing to subdivide and develop their land to its ultimate full potential. Development Contributions become payable towards the end of the subdivision or development process prior to new titles being issued or the development being completed. This DCP review is not proposing to change this approach.