Property Valuations 2016
New property valuations were released in November 2016, after valuers inspected properties around the district. The valuations were carried out by Opteon (formerly known as Landmass Technology), an independent valuation service provider.
After the valuers completed their inspections and analysis, the new valuations were audited by the Office of the Valuer General, a department of Land Information New Zealand.
The new valuations are dated as at 1 July 2016 and are based on sale prices for comparative properties (similar type and location) around that time.
Any new properties built after 2016 will be valued under the market conditions at 1 July 2016 to ensure uniformity across the district. The new capital and land valuations will be applied to rates assessments and invoices from 1 July 2017 and are used for rating purposes.
Page reviewed: 08 Aug 2017 9:46am