VALUATION OF LAND ACT 1916 - SECT 14B
Valuations to be made as at 1 July in current valuing year
VALUATION OF LAND ACT 1916 - SECT 14B
Valuations to be made as at 1 July in current valuing year
14B Valuations to be made as at 1 July in current valuing year
(1) Land that is valued for the purposes of a general valuation is to be
valued as at 1 July in the valuing year in which the valuation takes place.
(2) A land value for any year commencing 1 July may be ascertained for a
parcel of land even if it did not exist, as at 1 July in that year, in the
form in which it exists when its value is ascertained.
(3) If any part of the
parcel was, as at 1 July in that year, included in another parcel of land for
which a value as at that date has been ascertained, the Valuer-General is to
reascertain the value of the residue of that other parcel.
