Subpart 2—Miscellaneous matters

131 Estimate of projected valuation by regional council

(1)

This section applies if the general revaluations of the components of the district valuation roll of a regional council do not all take effect on the same date.

(2)

A regional council may arrange for a registered valuer to make an estimate of the projected valuation of all the rateable land in the districts of the constituent territorial authorities.

(3)

The purpose of the projected valuation is to indicate the extent and nature of changes in the rateable value of rateable land in each constituent district between—

(a)

the date on which the general revaluation for that district took effect; and

(b)

the date nominated by the regional council as the date in respect of which the projected valuation is to be made.