16333 Lecture Notes - Lecture 10: Land Values, Environment Court Of New Zealand
Document Summary
Ryan & anor v commissioner of land tax [1982] 1 nswlr 305, hunt, j. In my view . contiguous blocks of land can comprise a parcel of residential land" only where they are undivided not only by physical separation but also in use, occupation & title: hyde case/key question: Ruling in the hyde case: at the taxing date, both units constituted a lot" and the principle place of residence exemption was applied. Objections to land values: timeframe to object 60 days (refer to last date on land tax / value notice, object in the prescribed form, all relevant information to be provided, most important element is evidence. Section 34 of the valuation of land act 1916: land value too high. Not a bases for a valid objection. Objections: value too high - basis of objection. Rentals & cap rates must be derived from market. Check against a survey or dp of the land.
