518B   Mixed development land

(1) Definitions
In this section, mixed development land and non-residential land have the same meanings as in section 14BB of the Valuation of Land Act 1916.

(2) Categorisation of parts of mixed development land
If a valuation is furnished under the Valuation of Land Act 1916 for mixed development land:

(a)  the part of the land that is non-residential land is taken to have been categorised as business, and

(b)  the part of the land that is not non-residential land is taken to have been categorised as residential,

      despite sections 515–518.

(3) Sub-categories
The council may determine a sub-category for a part of land to which subsection (2) applies according to the category determined by that subsection for the part.

(4) Apportionment of rates and charges
A rate, the base amount of a rate, or the minimum amount of a rate or of a charge, that is made and levied according to categories or sub-categories of land is to apply to a parcel of mixed development land according to the percentages represented by the apportionment factor for the parcel ascertained under section 14X of the Valuation of Land Act 1916.