Rating authority may request valuation
10A Rating authority may request valuation
(1) A rating authority may, by notice in writing to the Valuer-General, request a valuation of the following to be made in relation to land or part of land to which the authority is entitled to impose rates:
the improved capital value;
the annual value;
the unimproved capital value.
A notice under subsection (1) must specify:
the value to be determined; and
the ratable land in respect of which the valuation is required.
(3) The Valuer-General on receiving a notice under subsection (1) may cause a valuation to be made of the land specified in the notice.
(4) Where, after the Valuer-General has made a valuation of land in pursuance of this section (including this subsection):
the land is subdivided;
a change is made in the boundaries of the land; or
a change occurs in:
(i) the purpose for which the land may be used or be continued to be used; or
an improvement on the land,
the Valuer-General must, as soon as practicable, cause a further valuation of the land to be made.
(5) A valuation under subsection (4) must be made of the improved capital value, the annual value or the unimproved capital value whichever was determined in the previous valuation of the land.
(6) The Valuer-General must cause to be made a further valuation of land which is then ratable before the expiration of the period of 3 years after the making of each valuation under subsection (3) or under this subsection.
(7) A valuation made under subsection (3) or (6) must determine the value as at the date on which the valuation is made.
(8) A valuation made under subsection (4) must be the valuation as at the date on which the last valuation was made under subsection (3) or (6).
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