LAND VALUATION
1 ANNUAL REVISION URGED (By Telegraph.—Press Association) WELLINGTON. Tuesday A suggestion that if land tax were to I remain in operation in New Zealand a system of annual land revaluation should - be tntrodueed was made by the Dominion secretary or the Farmers’ Union, Mr A. P. U Shea. ~ f Government vacations today, often made many years ago, bore little relation to the real value of the land, as indicated by the net return that could be obtained from It. said Mr O’Shea. For several years price* of produce had been more or lees stationary, while co-ts and charges bad risen steadily. When this happened the vMI vilM of the land obviously decreased. Land-holders were being taxed on fictitious values. In Canada. Mr O’Shea understood, land was revalued each year. If this system were adopted In New Zealand the incidence of the tax would be more fair.
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Bibliographic details
Waikato Times, Volume 129, Issue 21480, 23 July 1941, Page 2
Word Count
148LAND VALUATION Waikato Times, Volume 129, Issue 21480, 23 July 1941, Page 2
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