19 Jul 2022
RONGOTAI INVESTMENTS LTD and RONGOTAI ESTATES LTD v WELLINGTON CITY COUNCIL and ORS [2022] NZHC 1667 [2015 Rating Valuation Appeal]
- Citation
- [2022] NZHC 1667
- Court
- High Court
The Tribunal's 2015 decision was set aside because it mis‑summarised expert evidence, relied on an improper indexing approach from an incorrect 2012 base, excluded a relevant post‑dated comparable (36 Tacy Street) without proper basis, and made unjustified size deductions to Bunnings' composite sites; the correct modal land rate for the exemplar 1,932m2 inside lot at 1 September 2015 is $920/m2, applied to individual certificates of title with summation for composite Bunnings sites and with specified adjustments to individual lots as detailed in the judgment.