RENTS AND VALUATIONS

Dominion, Volume 14, Issue 280, 20 August 1921, Page 9

RENTS AND VALUATIONS

LANDLORD SEEKS CONSIDERATION "If we do what you ask, up go the rents, and you will spend no more money on the places,” remarked the President of tho Assessment Court (Mr. V. G. Day, S.M.) prior to dismissing yeeterday the appeal of J. E. Miles against valuations placed on a block of land »> Brougham Street. The block, said appellant, was sundivided mto four sections, (here b«ng a house on each. “Tho land is valuod 'too highly,” he said. "There are disabilities on if to the extent of .£1609.’ The total capital value was J 13639, and the unimproved X 2384. Mr b' I* Ward (tor (he I aluation Department): The Government valuation is •£» a footls your real, object in coming here to have tho value of your improvements increased. Appellant: I want tath. Mr Day. We cannot increase both. To Mr/ Ward, appeltoni sold <tat his houses ho received 335., 255., 40s„ and Mr" Ward: Yes, you are getting really th- very best return out of shorn by using c’-ry available inch ot space. Mr Day: £3OO a year. Appellant: These are the market rents '1 was enabled to get market va-uo. ' The President here made tho remarks first quoted. . '[’he valuations were sustained.