Mixed development land
518B Mixed development land
Definitions In this section, mixed development land and non-residential land have the same meanings as in section 14BB of the Valuation of Land Act 1916.
Categorisation of parts of mixed development land If a valuation is furnished under the Valuation of Land Act 1916 for mixed development land—
the part of the land that is non-residential land is taken to have been categorised as business, and
the part of the land that is not non-residential land is taken to have been categorised as residential,
despite sections 515–518.
Sub-categories The council may determine a sub-category for a part of land to which subsection (2) applies according to the category determined by that subsection for the part.
Apportionment of rates and charges A rate, the base amount of a rate, or the minimum amount of a rate or of a charge, that is made and levied according to categories or sub-categories of land is to apply to a parcel of mixed development land according to the percentages represented by the apportionment factor for the parcel ascertained under section 14X of the Valuation of Land Act 1916.
This Act’s bill:Explanatory memorandumSecond reading speech
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