Section 7 – Agreement as to valuation
37.Section 1 of the 1975 Act requires assessors to make up a new valuation roll in each year of revaluation. An assessor will, on occasion, enter into an agreement with the proprietor, tenant or occupier of lands and heritages as to what the entry for those lands and heritages in the valuation roll will be.
38.Section 7 inserts new subsections (3A) and (3B) into section 1 to provide that, where such an agreement exists, the entry in the new valuation roll(12) must reflect that agreement unless there has been an alteration in the valuation of the lands and heritages as a result of a material change of circumstances since the agreement was entered into. “Material change of circumstances” is defined in section 37(1) of the 1975 Act (as amended by section 13 of the Act).
That is, the valuation roll made up for the year of revaluation under section 1(1) of the 1975 Act. The duty imposed on the assessor by new subsection (3B) applies only when a new valuation roll is made up under that section and not at any other time.