11 Dec 2007
CHIEF EXECUTIVE OF LAND INFORMATION NEW ZEALAND V KANE CARDING COMPANY LIMITED HC NAP CIV 2007-441-000578
- Citation
- openlaw-05ffcef2_d7a9_4803_9dc1_9625e7b931b1.pdf
- Court
- High Court
The Tribunal erred in methodology by amalgamating disparate parts of two valuers' separate valuation exercises rather than determining the market value of the whole property; it compounded that error with an arithmetical mistake in applying the 30% discount and by treating a GST‑inclusive figure as exclusive. Because those errors undermined the Tribunal's valuation the Court re‑valued the property adopting the respondent's residential conversion approach for the boiler house and $25/m2 for the balance, fixing market value at NZD 400000 inclusive of GST; the Tribunal's direction regarding fuel…