s 154
In forceAdjustment if valuation changed on objection or appeal
Chapter 3Objections to valuations
Part 7Miscellaneous provisions
154 Adjustment if valuation changed on objection or appeal
(1)
This section applies if—
(a)
a valuation is objected to or an appeal is made against an objection decision concerning a valuation; and
(b)
the valuation is changed because of the objection or appeal.
(2)
An appropriate adjustment must be made as follows to any land tax liability, rates, rent under the Land Act or other statutory rate, charge or assessment that used the valuation—
(a)
amounts paid in excess must be refunded;
(b)
amounts short paid are recoverable as arrears.
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