New South Wales Consolidated Acts

HERITAGE ACT 1977 - SECT 125

125 Making of heritage valuations with other valuations

(1) Whenever, pursuant to a valuing law, a person makes or causes to be made a valuation for rating or taxing purposes of land, the person shall, in addition, where that land is subject to a listing on the State Heritage Register, make or cause to be made a heritage valuation or heritage valuations of that land.

(2) When a heritage valuation is made of land, there is to be no allowance made or other adjustment of that valuation on account of the effect on value of any factor concerned with the land being listed on the State Heritage Register, other than an allowance or adjustment resulting from the assumptions required by this Division for a heritage valuation.