Adjoining lands: How valued
16 Adjoining lands: How valued
Where – several parcels of land adjoin, are owned by the same person and are of the same class of tenure; and no part of those parcels of land is leased to any person – those several parcels of land are, unless the Valuer-General otherwise determines, to be included in the one valuation.
Where several parcels of land – adjoin, are owned by the same person and are of the same class of tenure; and are all leased to the same person – those several parcels of land are, unless the Valuer-General otherwise determines, to be included in the one valuation.
Where several parcels of land – adjoin; and are owned by the same person – but are not of the same class of tenure or are separately leased to different persons, those parcels of land are, unless the Valuer-General otherwise determines, to be included in the one valuation and the assessed annual value is to be apportioned in accordance with section 11(3)(c).
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