1964_RATING_ORDINANCE — Page 8

1987 Ed.]

Rating

[CAP. 116

(2) In subsection (1), "returned requisition" means a requisi- tion served under section 5(a) on the owner or occupier of a tenement and returned by him to the Commissioner containing or purporting to contain, all or any of the particulars required to be furnished by him to the Commissioner.

PART III

( Added, 45 of 1979, s. 2)

ASCERTAINMENT OF RATEABLE VALUE

7. (1) Subject to sections 8 and 9, the rateable value of a tenement shall be ascertained in accordance with this section and section 7A. (Amended, 33 of 1981, s. 3)

(2) The rateable value of a tenement shall be an amount equal to the rent at which the tenement might reasonably be expected to let, from year to year, if-

(a) the tenant undertook to pay all usual tenant's rates and

taxes; and

(b) the landlord undertook to pay the Crown rent, the costs of repairs and insurance and any other expenses necessary to maintain the tenement in a state to command that rent.

(Amended, 11 of 1987, s. 2)

7A. (1) [Deleted, 11 of 1987, s. 3}

(2) The rateable value of any tenement to be included in a list prepared under section 12 shall be ascertained by reference to the relevant date on the assumption that at that date-

(a) the tenement was in the same state as at the time the list

comes into force;

(b) any relevant factors affecting the mode or character of occupation were those subsisting at the time the list comes into force; and

(c) the locality in which the tenement is situated was in the same state, with regard to other premises situated in the locality, the occupation and use of those premises, the transport services and other facilities available in the locality and other matters affecting the amenities of the locality, as at the time the list comes into force.

(3) For the purposes of an interim valuation, the rateable value of any tenement in respect of which a notice of interim valuation has been served under section 26 shall be the value which would have been ascribed thereto on the relevant date on the assumption that at that date- (Amended, 9 of 1984, s. 3)

(a) the tenement was in the same state as at the time of service

of the notice;

57/90st

7

Ascertainment of rateable value- general rule.

Rateable values in new valuation lists.

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