VALUATION OF LAND ACT 1916 - SECT 14BBB
How apportionment factor is determined
VALUATION OF LAND ACT 1916 - SECT 14BBB
How apportionment factor is determined
14BBB How apportionment factor is determined
(1) The apportionment factor is the proportion (expressed as a percentage)
that the rental value of the part of that land that is occupied or used for
non-residential purposes bears to the rental value of the mixed use land as a
whole.
(a) as at the 1 July by reference to which the
land was valued for the purposes of the valuation list for that authority
current at the time the land became mixed use land, and
(b) as at the 1 July
by reference to which the land has been valued for the purposes of any
subsequent valuation list for that authority.