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LOCAL GOVERNMENT ACT 1993 - SECT 89 Adjustments to values

LOCAL GOVERNMENT ACT 1993 - SECT 89

Adjustments to values

(1)  The Valuer-General, with the approval of the Minister, may determine that the assessed annual value, capital value or land value of land –
(a) in a newly created municipal area; or
(b) in a municipal area any boundary of which has been varied –
is to be amended so as to accord with the most recent values prevailing in the municipal area.
(2)  Any amendment made under subsection (1) applies until a fresh valuation is made in respect of the municipal area under the Valuation of Land Act 2001 or is subject to an adjustment factor provided by the Valuer-General under Part 9A of that Act.