[2024] NZLVT 040 - Keystone Trust v Ōpōtiki District Council (10 July 2024) [pdf, 1.9 MB]
...reviewed, and on 26 September 2023 the Council advised that a decision had been made to alter the valuation to give a Capital Value of $950,000, comprising $700,000 Land Value and $250,000 Value of Improvements. [5] The objection before this Tribunal claims the value of the land at $1 and the Value of Improvements at $250,000. [6] Since that time the Council instructed valuer has confirmed a Capital Value of $950,000, comprising $700,000 Land Value and $250,000 Value of Improvements....