Commission to obtain assessed annual value of land
80 Commission to obtain assessed annual value of land
The Commission, on or before 30 September in each year, must obtain from the Valuer-General – the total of the assessed annual values of all the properties which as at 1 July in that year had an assessed annual value greater than the minimum assessed annual value in each of the following categories of land:permanent brigade rating district land; composite brigade rating district land; volunteer brigade rating district land; general land; and the total of the assessed annual values of all the properties which, as at 1 July in that year, had an assessed annual value equal to or less than the minimum assessed annual value in each of the following categories of land:permanent brigade rating district land; composite brigade rating district land; volunteer brigade rating district land; general land; and the total number of properties which, as at 1 July in that year, had an assessed annual value equal to or less than the minimum assessed annual value in– each permanent brigade rating district; and each composite brigade rating district; and each volunteer brigade rating district; and general land.
A local council, on or before 30 September in each year, must notify the Commission of the total assessed annual value of– all the permanent brigade rating district land in its municipal area; and all the composite brigade rating district land in its municipal area; and all the volunteer brigade rating district land in its municipal area; and all the general land in its municipal area– which, as at 1 July in that year, was wholly exempted from rating under section 87 of the Local Government Act 1993.
The Commission, on advice and information supplied by the Valuer-General, must make such adjustments to the net assessed annual value and the assessed annual value of land in different municipal areas as may be necessary to avoid inequalities arising from differences in the dates on which the valuations of that land came into force.
A local council, on or before 30 September in each year, must – reconcile its own records as to the assessed annual values (and overall number) of properties of each grade in its municipal area with the Valuer-General's assessment notices for the same municipal area; and give the Commission a copy of that reconciliation in an approved form.
In this section – grade, of property, means its grade according to whether its assessed annual value is – greater than the minimum assessed annual value; or equal to the minimum assessed annual value; or less than the minimum assessed annual value.
This Act’s bill:Explanatory notesSecond reading speech
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