Tuesday, March 6, 1973
NEW VALUATION LIST EFFECTIVE FROM APRIL 1
Available For Inspection At Treasury
A new valuation list, effective from April 1, has been completed
and will be officially declared this Friday, the Commissioner of Rating and
Valuation, Mr. R.A. Fry, announced today.
Addressing a Rotary Club luncheon, he said the list would be available
for inspection at the Treasury for three weeks during which any aggrieved
person could appeal to the District Court against the new assessments.
The Commissioner advised, however, that anyone contemplating an
appeal should first speak to the area valuer concerned and find out just how
he or she stood.
"It can be a complicated and expensive business, and any person
making an appeal should understand fully what is involved," he said.
The new valuation list will contain just over 310,000 tenements
having an assessed annual value of $3,250 million, compared with $2,150 million
a year ago.
"This increase is not, of course, entirely due to the revaluation,
for the list is growing all the time as new assessments are added year by year,"
Mr. Fry explained.
He envisaged that revenue from rates was likely to increase from
$384 million this year to $542 million in 1973/74.
This would