LOCAL GOVERNMENT ACT 1993 - SECT 498
The ad valorem amount
LOCAL GOVERNMENT ACT 1993 - SECT 498
The ad valorem amount
498 The ad valorem amount
(1) The ad valorem amount of a rate is an amount
in the dollar determined for a specified year by the council and expressed to
apply--
(a) in the case of an ordinary rate--to the land value of all rateable
land in the council's area within the category or sub-category of the ordinary
rate, or
(b) in the case of a special rate--to the land value of all rateable
land in the council's area or such of that rateable land as is specified by
the council in accordance with section 538.
(2) The ad valorem amount of a
rate is to be levied on the land value of rateable land, except as provided by
this or any other Act.
(3) An ad valorem amount specified for a parcel of
land may not differ from an ad valorem amount specified for any other parcel
of land within the same category or subcategory unless--
(a) the land values
of the parcels were last determined by reference to different base dates, and
(b) the Minister approves the different ad valorem amounts.
Note : "Land value" is defined in the Dictionary for this Act. Generally, it is a
value determined specially for rating purposes by the Valuer-General under the
Valuation of Land Act 1916 .
