VALUATION OF LAND ACT 1960 - SECT 13K Valuations generally

VALUATION OF LAND ACT 1960 - SECT 13K

    (1)     In every valuation for the purposes of the Fire Services Property Levy Act 2012 , each separate occupancy on non-rateable leviable land must—

        (a)     be computed at its net annual value, its capital improved value and, if required, its site value; and

        (b)     be allocated an AVPCC based on the Valuation Best Practice Specifications Guidelines.

    (2)     In a general valuation, regard must be had to every circumstance affecting the land at the date the valuation is returned that, were it to occur or come into existence subsequently, would be a circumstance in which, under section 13L(2), a supplementary valuation could be made.

S. 13K(3) inserted by No. 34/2014 s. 31.

    (3)     Several parcels of land must be regarded as together forming non-rateable leviable land and valued accordingly if the parcels of land—

        (a)     are in the same—

              (i)     municipal district; or

              (ii)     area that is not located in a municipal district; and

        (b)     are occupied by the same person; and

        (c)     are separated from each other only by a road or railway or other similar area across or around which movement is reasonably possible.

S. 13K(4) inserted by No. 34/2014 s. 31.

    (4)     If any person is liable to be levied in respect of 2 or more parcels of land in the same municipal district or in an area not located in a municipal district and the parcels form one continuous area, the parcels must be regarded as together forming non-rateable leviable land and must be valued accordingly.

S. 13K(5) inserted by No. 34/2014 s. 31.

    (5)     If a portion of a parcel of land on which a building is erected is occupied separately, or is obviously adapted to being occupied separately, from other land in the parcel, that portion must be regarded as forming separate non-rateable leviable land and must be valued accordingly.

S. 13K(6) inserted by No. 34/2014 s. 31.

    (6)     If any portion of a parcel or parcels of land forming non-rateable leviable land for the purposes of a levy rate or of a rate to be levied by any other rating authority using the valuation is subject—

        (a)     to a rate levied in respect of that portion only; or

        (b)     to a differential rate which differs from the rate levied in respect of the remainder of that parcel or those parcels—

the value of the land must be apportioned so as to show separately the value of the portion.

S. 13K(7) inserted by No. 34/2014 s. 31.

    (7)     If land comprising one undertaking extends continuously beyond the boundaries of any municipal district, for the purposes of any levy, the value of so much of the land as is within any one municipal district, must be assessed as part of the value of the whole of the land.

S. 13L inserted by No. 58/2012 s. 126.