2014 Property Revaluations

This page contains information on 2014 property revaluations for the Tasman District.

  • View property revaluations on the Rates Record Search page
  • Quotable Value (QV) will be sending out updated Rating Values for Tasman District properties from 10 December 2014.
  • The effective date for this revaluation is 1 September 2014, and any objections to your property’s revaluation must be made to QV by 9 February 2015.
  • You can make an objection online at http://www.ratingvalues.co.nz , or call 0800 787 284 to discuss the process to make a written submission.

How do Revaluations Impact Rates?

The 2014 Revaluations will be used by the Council as a basis for distributing individual rates obligations for the next three financial years, starting from 1 July 2015.

There is no direct relationship between your property valuation and an increase or decrease in rates.

A revaluation of the district does not increase or decrease the Council’s total rating income. The Council sets its rates requirement annually.

Revaluations redistribute the proportion of the Council’s rates individual ratepayers have to pay – which may lead to an increase or decrease in rates per property.

Some factors responsible for increasing rates on an individual property are:

  • If an individual property value increases by more than the average increase for the rating area
  • If an individual’s property value decreases by less than the average decrease for the rating area
  • If an individual property value alters as a result of new improvements being added – e.g consented building work

Rates levied on a uniform charge basis (e.g. Uniform Annual General Charge, District Facilities Rate, etc.) are unaffected by a district-wide revaluation.

If the Council increases the total rates requirement, this will also impact your rates.

About Revaluations

The revaluation is conducted every three years for the Council by Quotable Value Limited (QV), New Zealand’s largest valuation company.

How are Rating Values Determined?

Rating Values reflect the value of properties (excluding the chattels) as at the effective date of 1 September 2014. They are prepared on behalf of the Tasman District Council by Quotable Value (QV). QV use a “mass-appraisal” process and consider relevant property sales from your area around the time of the valuation. A market trend is established and applied to similar properties. A number of individual properties are also assessed every year because of issued building consents and other inspections.

The entire process is independently audited by the Office of the Valuer General.  Strict quality standards must be met before new rating values are confirmed.

What is the Difference between a Rating Value and a Current Market Valuation?

A Rating Value is one factor used to apportion your rates.  The revaluation occurs every three years.  The value is calculated using a mass-appraisal process.

Market Valuations are different. You can request one at any time from a Registered Valuer. The Registered Valuer will inspect the interior and exterior of the property. They will also use their local knowledge and analyse recent sales data. All this information will be presented in a comprehensive report.

What is the Objection Process?

If you feel your property’s rating value doesn’t reflect your property’s market value (as at 1 September 2014), you have the right to object. Objections allow valuers to assess individual components which may not have been considered in the mass-appraisal process.

The closing date to lodge an objection to your new rating value is 9 February 2015.

You can make an objection online at http://www.ratingvalues.co.nz , or call 0800 787 284 to discuss the process to make a written submission. Please note you must contact Quotable Value to make an objection, not Tasman District Council. 

Further information:

If you have questions about the revaluation process, please Contact QV .