NEW TAUPO VALUATION

Taupo Times, Volume II, Issue 56, 11 February 1953, Page 6

NEW TAUPO VALUATION

OBJECTION PEOCED'URE LAST DAY MONDAY 16TH. The revised valuation roll for ihe Taupo T'own Distriei, which wi!3 eorne into force for the year beginning April lst., 1953, will not be finalised until all objections mahe in the prescribed mamier have been duly disposed of . Owners who are dis^atisfied with their new valuationfs have five more days onl'y in which to iodg*e objections, Monday 16th. being the last for that purpose. The following notes may be of interest. Who May Object. Yaluers assessing values have the dxity of examining each property and estimating to the best of their ability the unimproved value of the land, the value of the buildings (if any) or other improvements, and the eapit al value of the property. They rhculd not strain after high values nor accept special priees paid for land in exeeptional circumstanees . The value should be determined neither above nor below the fair sellirtg value in view of the many and diverse purposes for which the values are used. Wihen a district valuation roll has been revised objections to any valuation thereon may be made by any owner whose name appears m the roll, by the locai authority, or by the Valuer-CeneraL Dealing with Objections.. The Valuer-Geileral refers objections to the District Valuers for reconsideration and then decides (1) of his own motion to refer the objection to the Land Valuation Court, or (2) to alter the valuation to the extent claimed, or (3) to altar the valuation to such extent as is agreed with the objector, or (4) to decline to alter the valuation. If his deeision is either of the last three he serves notice of it on the objector who may notify him within 14 days that he desires the objection to be heard by the Land Valuation Court. If no such notice is received from the objector the Valuer-Geflferal's. declsion is deemed to be assentedi to. Following the above steps the va-luer-General flies with a Registrar of the Land Valuation Court a list of objections includiiig those he has deeided to refer to the Court, and those which objectors have desired to be beard by the Court. Right of Appeal. The Registrar now refers ihe objections to the district Land Valuation Committee for hearing and the Committee embodies its determination in each ease in a formal order which, after a lapse of 14 days, is sealed by the Registrar and becomes an order of the Court. Within the period of 14 days, however, the Crown representative or any oue affecfced /bW the order may appeal to the Lax|l\ Waiuation Court. When the steps: ;have been taken and completed th e tfecisions of the Court are final, with the one exception that the Judge may state a case for the Court of Appeal on a question of law. In thel&se of an objection to. a valuation being allowed the new valuation dates back to the date at which the valuation objected to would have beeome effective had no objection been lodged. The Final Come-back. The objector who is still dissatisf ied with the value of the land as fixed by the Land Valuation Court's order has now one last come-back. Within 14 days of the sealing oi the order he may notify the ValuerGeneral that he requires the capital value to be reduced to the value which he has specified in his objection as being what he considers the fair selling value, or the -land to he acquired on hehalf of Her "Majesty, or sold, at that value. If the Valu-er-Gener.al, on his part, considers the value fixed by the Court's order to be less than thei capital value, he may within 14 days after sealing of

the order require the owrner to agree to what he considers is the fair capital value. If the owner holds out for more than 30 days on this proposition the Valuer-General may, with the approval of the GovernorGenerai in Council, acquire ihe property oi Her Majesty at the figure ■which 'he has set as, the fair "capital value;