[2024] NZLVT 040 - Keystone Trust v Ōpōtiki District Council (10 July 2024) [pdf, 1.9 MB]
...the values of the subject property as of 1 July 2022 as follows: (1) Land Value: $576,000; (2) Value of Improvements (unchanged): $250,000; (3) Capital Value: $826,000. 2 B: Costs are generally not appropriate in rating matters. If any application for costs is to be made, it shall be made with 15 working days, and any response is to be filed 10 working days thereafter. The particular relevant sections of the Rating Valuations Act and any case law must be included. REASONS...