THE VALUATION QUESTION
VALUER-GENERAL’S POINTS. In connection with the letter from the Prime Minister, published in last issue it should! be clearly understood that it was in reference to land tax that the Prime Minister had been written to in thq first place. A re-valuation of the Borough will take place probably next yeax*. While dealing with re-valuations, it is fitting that we should publish the exact statements of the ValuerGeneral while in Pukekohe, dealing; with some aspects of the question. These should be cut/ out and kept for future reference. He said: — “Because a certain section of a property was sold for a certain price that was no reason why the remainder of the property should be valued at the same basis,
Agricultural land must not be assessed on prospective values. Farm lands should be valued on their producing powers, that is to say, cropping land should be valued on that basis, likewise pastoral and dairying land, should be (valued for the purpose for which they are used.. The Valuer-General particularly emphasised the point that it would be impossible to successfully dairy farm on land that cost more than £BS value per cow.
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Bibliographic details
Franklin Times, Volume 9, Issue 771, 29 September 1922, Page 4
Word Count
194THE VALUATION QUESTION Franklin Times, Volume 9, Issue 771, 29 September 1922, Page 4
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