The Rating Valuations Rules 2008 took effect on and from 31 March 2009. This is the latest version of the Rules, which comes into force on 1 October 2010. Information on the amendments and their effective dates is set out below.
The Rating Valuations Rules are issued by the Valuer-General under sections 5 to 5C of the Rating Valuations Act 1998. The Rules are intended to ensure there is a nationally consistent, impartial, independent, and equitable rating valuation system that can be monitored and audited.
The Rules provide clear requirements that territorial authorities must meet when carrying out rating valuations and recording and updating rating valuation information in the district valuation roll and its supporting registers.
The Rating Valuations Rules 2008: version date 1 October 2010 includes the following amendments:
- Rule 2.9(b) requires local authorities to display on rating valuation notices for Maori freehold land the adjustments that have been applied to rating valuations for Māori freehold land (with effect from 1 July 2011).
- An amendment to the audit file in Appendix A expands the layout of the electronic audit files from two to four characters for the length of the 'sales group' field. This is necessary to accommodate the amalgamation of the district valuation rolls for the Auckland Super City. Note that the 'sales group' field is still able to be held and received electronically as a two character field for other areas of New Zealand (with effect from 1 November 2010).