New Land Value – LV Authority 19B
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Hi Glynes
It becomes ratable from the date is became ratable, this could be a notice of transfer or a lease agreement date. Also refer to 19B (1) of Valuation of Land Act 1916.
Where any non ratable land becomes ratable on or after 1 July 1977 and at the date it becomes ratable there is no valuation for it in the Register of Land Values the Valuer-General shall make a valuation—
(a) of the land value, and
(b) if a rating or taxing authority, by instrument in writing, so requests, or the Valuer-General decides to do so, of the assessed annual value,
of the land.Hope this helps
Robert
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