Happy New Year Everyone,
I’m looking for opinions about the implications of s62 of the Valuation of Land Act. My understanding is that current year rates are unaffected by a valuation alteration except in cases of objection or VG correction (and in addition, Council has the discretion to levy on new valuations following construction work).
In a supp, I’ve received a property cancellation following the cancellation of a grazing lease/Crown tenure licence. There’s no objection, and it’s not a case or error correction. The lease has been rated by itself in a single assessment and annual rates are only a few dollars above our base amount.
Do you think the words “valuation alteration” in the legislation include the result of the VG cancelling a property, which effectively is a valuation alteration down to zero? If so, rates levied for the current year must stand. Conceptually I can’t see any other alternative, but is it pushing the bounds of logic to continue rating something that no longer exists?
Maybe I’m missing some obvious explanation…any ideas?
Cheers,
James
.
