LOCAL GOVERNMENT ACT 1989 - SECT 157 Which systems of valuing land may a Council use?
LOCAL GOVERNMENT ACT 1989 - SECT 157
Which systems of valuing land may a Council use?(1) A Council may use the site value, net annual value or capital improved value system of valuation.
S. 157(2) amended by No. 78/1991 s. 13(d).
(2) A Council must publish public notice of its decision to change its system of valuation.
S. 157(3) repealed by No. 76/1997
s. 13(a), new s. 157(3) inserted by No. 67/2017 s. 78.
(3) For the purposes of calculating the site value, net annual value or capital improved value of rateable land, a Council must use the current valuations made in respect of the land under the Valuation of Land Act 1960 by a valuation authority.
S. 157(4) repealed by No. 34/1996 s. 19(2).
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S. 157(5) substituted by No. 34/1996 s. 17.
(5) A person has a right to make a submission under section 223 on a Council's decision to change its system of valuation.