18Land value of land

18 Land value of land

18 Land value of land

(1) The land value of land is the land value (within the meaning of the Local Government Act 1993) used by the council for the purpose of levying rates under Chapter 15 of the Local Government Act 1993, subject to this section.

(2) For any period in which the rates payable in respect of land are postponed under Division 2 of Part 8 of Chapter 15 of the Local Government Act 1993, the levy is to be charged as if the land value of the land were the non-attributable value of the land (despite section 61 of the Valuation of Land Act 1916).

(3) The non-attributable value of land is the land value of the land for the purpose of levying rates under Chapter 15 of the Local Government Act 1993 minus the attributable part of the land value (within the meaning of Division 2 of Part 8 of Chapter 15 of the Local Government Act 1993).

(4) If the council does not levy rates on the land, the land value of the land is the land value of the land determined in accordance with the Valuation of Land Act 1916.

(5) However, if the land is unvalued land, the land value of the land is the land value of the land determined in accordance with Division 2.

(6) A reference in this Act to the land value of land, for levy purposes, is a reference to the land value of land determined as provided for by this section and Division 2.

Note—

Section 61 of the Valuation of Land Act 1916 provides that land value must be ascertained by reference to the valuation list, and any supplementary lists, provided by the Valuer-General under Part 5 of the Valuation of Land Act 1916.

Section 62 of the Valuation of Land Act 1916 provides that the most recent valuation list is to be used to determine land value.