39Revised assessment of liability to pay levy amount

39 Revised assessment of liability to pay levy amount

(1) This section applies if—

(a) a supplementary valuation is carried out in respect of leviable land under sections 13DF or 13L of the Valuation of Land Act 1960; and

(b) the valuer-general certifies the supplementary valuation to be correct.

(2) If this section applies, the collection agency must—

(a) conduct another assessment of the levy amount in respect of the leviable land; and

S. 39(2)(b) amended by No. 34/2014 s. 23(1).

(b) if the levy amount owed by the owner in respect of the leviable land varies based on the supplementary valuation—give the owner of that land, or any person the owner has specified under section 25(1)(b), a revised assessment notice.

S. 39(3) substituted by No. 34/2014 s. 23(2).

(3) If, under subsection (2), the assessment of the levy amount following the supplementary valuation results in a variation that means the owner, or any person the owner has specified under section 25(1)(b), has paid a levy amount in excess of what is owed by the owner or person based on the subsequent assessment the collection agency must refund that amount together with any interest that has accrued in accordance with subsection (4).

S. 39(4) substituted by No. 41/2013 s. 34, amended by No. 34/2014 s. 23(3).

(4) If an amount to be refunded under subsection (3) is not refunded within 28 days after the day on which the valuer-general certifies the supplementary valuation to be correct (the supplementary valuation day), interest accrues daily, at the rate specified in section 30(2)(a), from and including the 29th day after the supplementary valuation day until the day the owner, or any person the owner has specified under section 25(1)(b), is paid the amount to be refunded.

S. 39(5) amended by No. 34/2014 s. 23(4).

(5) If a supplementary valuation is in respect of leviable land that is rateable land, the revised assessment of the levy amount must be included in the revised rates notice to be sent to the owner of the land or any person the owner has specified under section 25(1)(b).