What does "Capital Value" mean?

This is the assessment of the probable price that would have been paid for the property if it had been for sale at the date of the latest general revaluation shown on this notice. The valuation does not include chattels, stock, crops, machinery, or trees. The valuation is deemed to include GST (if any) for residential property and exclude GST for other property types.

What is “Land Value”?

Land Value 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 that may gave 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.

What does “Value of improvements” mean?

This is the difference between the Capital Value and the Land Value. It reflects the added value given to the land by any buildings or other structures present on the property and any landscaping that has been done.

What is the “Ratepayer”?

The owner is deemed to be the ratepayer, with some limited exceptions.

How are the values assessed?

Our valuers consider all property sales that occurred in your locality around the date of the latest general revaluation, Non-market sales are identified and excluded. A market trend is then established and applied to all the properties in your locality.

How does the valuation affect my rates?

Changes in valuation as a result of changes to the legal description or land area, or improvements on a property, may result in changes to rates. Changes in rates are most likely to occur when the valuation on an individual property is different from the average value change for that class of property.

How often are notices issued?

A general revaluation of the District occurs ever three years. Valuation notices are also issued between revaluations when changes are made to properties. Changes may include; subdivision or land; amalgamation of more than one piece of land; changing land use; erecting new buildings; pr adding to, altering, or demolishing existing buildings.

When a valuation is issued between general valuations, the values are assessed as at the date of the last general revaluation to preserve uniformity between properties.

How does Council know when changes have been made to my property?

The Council has copies of all survey plans and building consents, If you make changes to your property that are likely to affect its value, but that are not covered by either of the above processes, please advise us so that we can update our records and amend the property’s value as necessary.

What can I object to?

You can object to the valuation of your property, and when there has been a general revaluation you may object to the valuation of any other property appearing on the district valuation toll. If there is any incorrect data on the notice, please advise Council so that we can correct it.

How do I object?

The objection period has now closed.

What happens if I lodge an application?

A valuer may contact you, and may arrange an appointment to re-inspect your property to verify the property record, and update them where necessary. The outcome of the consideration of your objection will be advised to you in writing. If you are still not satisfied, you may seek to have your objection heard by the Land Valuation Tribunal. You will need to pay a hearing fee. At the Land Valuation Tribunal hearing, you will be required to state your estimate of the value and provide evidence to support your claim. This evidence would normally be information about sales of similar properties, which occurred at, or near, the date of the valuation being objected to. The Land Valuation Tribunal will make a decision based on the information presented.

Privacy Act 1993

This contents of you valuation notice are contained within the public register known as the District Valuation Roll, which is available for inspection by the public at Council Offices free of charge until the objection period closes (21 October, 2009). You may have access to any information held about you and you may ask for any corrections to be made.