[2024] NZLVT 049 – Fricker & Smith v Buller District Council (26 September 2024) [pdf, 172 KB]
...revaluation was undertaken as at 1 October 2022, being the Council’s latest revaluation date. The property was valued at $960,000, comprising $290,000 land value and $670,000 value of improvements.1 [3] The valuation was reviewed, and on 8 December 2023 the Council and Quotable Value New Zealand (‘QV’) advised that a decision had been made to alter the valuation as follows: capital value: $1,050,000 land value: $290,000 value of improvements: $760,000 [4] The objectors...