Local Government (Rating) Act 2002

Part 3 Assessment, payment, and recovery of rates and remission and postponement

Subpart 1—Assessment, payment, and recovery

Basis for assessment of rates

43 Rates must be assessed in accordance with values and factors

(1)

Rates must be assessed in accordance with either—

(a)

a rating unit and its rateable values that are set out in the rating information database; or

(b)

the factors relevant to a rating unit that are set out in the rating information database; or

(c)

in the case of a targeted rate under section 19, the quantity of water provided by the local authority to the rating unit during the period specified in the resolution setting that rate.

(2)

For the purpose of subsection (1)(a) and (b), the relevant rating unit, values, or factors are those that have been corrected as at the end of the financial year immediately before the financial year for which the rates are set.

(3)

The rates are not affected by a change in the rateable value or factors of a rating unit during the financial year in which the rates are set.

Compare: 1988 No 97 s 123(1), (2)