Value of certain improvements
12 Value of certain improvements
(1) Where the Valuer-General makes a valuation of the unimproved capital value of any land, he shall also make a valuation of:
any site improvements on the land; and
(b) any improvements that, although not made on the land, have been made for the purpose of draining the land or protecting the land from inundation,
being improvements made within the immediately preceding period of 15 years by the person who is the owner of the land at the date on which the valuation was made.
(2) The Valuer-General shall not value any improvements under subsection (1) at an amount exceeding the cost of making those improvements at the date on which the valuation was made.
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