Review of the Rating Valuations Rules Version 3.1

Summary

In 2007 LINZ began reviewing the existing Rating Valuations Rules Version 3.0 and Version 3.1. This review is now complete and the new Rules will take effect from 31 March 2009. Read related documents and notices, or learn about the background and purpose of the review.

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Background & purpose

The Rating Valuations Rules are issued by the Valuer-General under ss 5 to 5C of the Rating Valuations Act 1998 (RVA) in the interests of ensuring a nationally consistent, impartial, independent, and equitable rating valuation system that can be monitored and audited.

The Rating Valuations Rules 2008 supersede the existing Rating Valuations Rules Version 3.0 and Version 3.1.

The period for submissions on the draft Rating Valuations Rules 2008 closed on 21 December 2007.

All submissions were considered by the expert committee responsible for reviewing the draft. The committee then agreed on the final version of the proposed Rules, which were published by the Valuer-General on 21 August 2008, coming into effect 31 March 2009.

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