This page contains information about your property valuation and how Council uses this to set your rates.
16/01/2019 10:28 a.m.
Property owners across Whangarei District will have received their new rating valuations at 1 August 2018 in the mail, updating the 2015 rating valuation.
Properties in our district are re-valued every three years. The last re-valuation was completed by Quotable Value (QV) in 2015. The latest valuations were undertaken by Council’s new valuation contractor Opteon.
You can read our latest news story published this week by clicking on the link below.
New rating valuations - Council News story 14 January 2019
You have the right to object to the new values.
To object please complete the objection form (link at the bottom of this page) with your estimate of the property’s values and with any supporting information.
Rates are based on a valuation of the property. Council has changed valuation service provider on 1 August 2017 to Opteon to perform three yearly property revaluations to reflect changing market values.
The valuations are a snapshot of the market as at 1 September in the year of revaluation.
To provide fair, transparent and independent property ratings, we use standard rating valuations which are governed by the Rating Valuations Act 1998, and audited by the Office of the Valuer-General.
Rating Valuations Act 1998 (NZ Legislation website) Opens in a new window.
Your rating valuation
You will receive a notice of your rating valuation once every three years. The land value will be reflected in your Rates Assessment Notice from the following rating year, beginning 1 July.
The main indicator of a property's value is its worth on the current real estate market. The value is determined by looking at the selling price of other similar properties in the area.
Any chattels such as carpets, drapes or light fittings are excluded from the valuation.
This is the probable price that would be paid for the property as at the date of the latest general revaluation. It does not include chattels, stock, crops, machinery or trees.
This is the probable price that would be paid for the bare land as at the date of valuation.
The Land Value includes any development work which may have been carried out, such as draining, excavation, filling, retaining walls, reclamation, grading, levelling, clearing of vegetation, fertility build-up, or protection from erosion or flooding.
Value of improvements
This is the difference between the capital value and the land value. It reflects the value of the property’s buildings and other structures.
Nature of improvements
The most common types of these improvements are:
- DWG - dwelling
- FLAT - ownership unit/townhouse
- OB - other buildings
- OI - other improvements
- FG - fencing.
Accounting for improvements
We forward details of all building consents to Opteon. When renovation work is complete, Opteon valuers will inspect the property and amend the valuation to account for the work.
The ratepayer will receive an assessment notice reflecting the revised value which supersedes any previous valuations.
If you've done major work on your home that didn't require consent, for example some kitchen redecorating, you can contact Council to have the improvements considered in the next valuation.
Lodging an objection to your valuation
If you are unhappy with either the land or capital valuation of your property, you can lodge an objection with Council.
This only applies immediately after a revaluation or update due to changes to your property. The objection process and timeframes are clearly outlined on the back of your Rating Valuation notice.
Opteon will review the objection and re-inspect the property. The objector will be advised of the outcome in writing.
To lodge an objection to your new valuation, please complete the objection form and send to council by post or email.
Objection to Rating Valuation