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Is my valuation affected now that a water licence is tradeable and no longer attached to my property?

April 26, 2017affected attached licence longer Property tradeable valuation water

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Is my valuation affected now that a water licence is tradeable and no longer attached to my property?

1 Answer

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DERM will remove the value of water licences from the unimproved value of a property where a Resource Operation Plan has been gazetted under the Water Act 2000. This adjustment will occur where the gazettal has been in place for a minimum of 12 months.