2017 Property Revaluations

This page contains information on 2017 property revaluations for the Tasman District.

Quotable Value (QV) sent out updated Rating Values for Tasman District properties on8 December 2017.

The revaluation from 2017 had a significant impact on the incidence of rates because of some significant movements in property valuations across the district.

How do Revaluations Impact Rates?

The 2017 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 2018.

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.

A revaluation of the district does not increase or decrease the Council’s total rating income. If you think of the Council's rates income as a pie, the size of the pie does not increase because of the revaluation.  However a ratepayer's slice of pie might get bigger if the property value has increased by more than average.

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.  The 2017 revaluation values will impact on rates set from 1 July 2018.  Proposed rates for 2018/19 will be determined as part of the Long Term Plan process, which will be open for Consultation in approximately March 2018.

2017 Revaluation Results

The average capital value increase in the District across all property types was 22.3%. 

To help explain the movement, we reviewed 26 properties rates across the district with a range of property values and industry types. 

  • Without the revaluation having occurred, the rates movements in 2018/2019 compared to the prior year would have been between -0.4% and 3.3% for 23 of these properties, with 3 properties increasing up to 6.1%. 
  • After the results of the revaluation have been factored in, rates for the 26 properties vary between -11.9% and 11.8%.
  • Those with the decreases tend to be the properties with valuation movements less than the districtwide average of  22.3%.

 The following table shows key residential results:

Average Dwelling Value
as at 1 September 2017
Average Dwelling Value Change
% since 1 September 2014



















Golden Bay



  • Developed commercial properties have increased an average of 9%.
  • Developed industrial properties have increased an average of 10.8%.
  • Improved lifestyle properties have increased an average of 22.7% to $780,000.
  • Horticulture properties have increased an average of 34.1%.
  • Dairy properties have increased an average of 5%.
  • Pastoral properties have increased an average of 15.7%
  • Forestry has increased an average of 9.2%
  • Specialist livestock properties have increased an average of 15.1%.

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 2017. They are prepared on behalf of the Tasman District Council by Quotable Value (QV). QV 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 2017), you have the right to object. Objections allow valuers to assess individual components which may not have been considered in the  process.

The closing date to lodge an objection to your new rating value is 9 February 2018.  There is no cost to make an objection under this process.

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 .