sec.154Adjustment if valuation changed on objection or appeal

### sec.154 Adjustment if valuation changed on objection or appeal This section applies if— a valuation is objected to or an appeal is made against an objection decision concerning a valuation; and the valuation is changed because of the objection or appeal. An appropriate adjustment must be made as follows to any land tax liability, rates, rent under the Land Act or other statutory rate, charge or assessment that used the valuation— amounts paid in excess must be refunded; amounts short paid are recoverable as arrears. (sec.154-ssec.1) This section applies if— a valuation is objected to or an appeal is made against an objection decision concerning a valuation; and the valuation is changed because of the objection or appeal. (sec.154-ssec.2) An appropriate adjustment must be made as follows to any land tax liability, rates, rent under the Land Act or other statutory rate, charge or assessment that used the valuation— amounts paid in excess must be refunded; amounts short paid are recoverable as arrears. - (a) a valuation is objected to or an appeal is made against an objection decision concerning a valuation; and - (b) the valuation is changed because of the objection or appeal. - (a) amounts paid in excess must be refunded; - (b) amounts short paid are recoverable as arrears.