How general property rating valuations work
The law requires all councils to revalue properties in their area every three years.
The rating valuation assesses the value of a property and is an estimate of what each property would have sold for on a set date. It also shows how its value has changed over time.
We use the valuations as a guide for setting rates fairly across all property owners. How you use the property and where it is located also affects your rates.
The property revaluation is not intended for use in:
- marketing
- sales
- any other purpose.
Ratepayers can find their valuations by searching their address on Find your property rates or valuation.
Supplementary property valuations
The value of your property may be reviewed between general revaluations if there are any significant changes made to the property, such as:
- issue of a new Computer Register (Record of Title), or a building consent will automatically trigger a valuation review
- amalgamation of more than one piece of land
- addition of new buildings
- addition to, alteration, or demolition of an existing building.
We may review your valuation and amend your rates if an error is found that would result in a significant change to the value of your property.
A supplementary valuation is not a current market valuation. We will review your rating valuation in line with the rating valuations of comparable properties, as of 1 May 2024.
2024 property rating valuations
The 2024 valuations were based on property values as of 1 May 2024, not the current market value. These valuations helped us set rates fairly across 630,000 properties from 1 July 2025.
The new values reflected changes in the property market since the previous revaluation in May 2024.
Independent valuation providers QV and Opteon completed the 2024 valuation process. These companies are experienced property valuers and continue to work closely with the council.
Objections to 2024 property revaluations are now closed. An objection can result in an increase or decrease in the property's value. There is no guarantee that the capital value will be revised as a result of the objection. It can also be a long process.
Trends by property type
The average change in the market value of Auckland's properties as of 1 May 2024 is:
- industrial +5%
- lifestyle +4%
- rural +4%
- commercial -5%
- residential -9%.
Visit OurAuckland to read the full 2024 rating valuation summary, including trends by local area and storm-affected property information.
How we calculate property values
Values are calculated by mass valuation of properties. Mass valuation means using standard methods to calculate the values of many properties at once, rather than valuing each one individually. This is done by using recent property and sales information.
To calculate the 2024 property values, valuers looked at the sale prices of similar properties in the same area around 1 May 2024. For example, renovated villas in Grey Lynn were compared with other renovated villas nearby.
Similar residential properties in the same area are likely to have similar value changes. However, the change will vary between standalone houses, cross-leases, units and other types of homes.
Independent property valuers work with the council to set property values. The Valuer-General checks these values to make sure they are correct.
Factors we consider for revaluations
- Property type
- Location
- Land size
- Zoning
- Floor area
- Consented work (like renovations, new builds and subdivisions).
A zoning change under the Auckland Unitary Plan can affect a property’s value if it:
- allows more development, such as extra housing, or
- changes how the land can be used, for example from residential to business.
What a property value is made up of
Capital value (CV)
The CV is the most likely selling price at the date of valuation.
It is also known as the government valuation (GV) or rateable value (RV).
Land value (LV)
The LV is the likely price the land would sell for on the valuation date, without any buildings or improvements.
Improvement value (IV)
The IV is the difference between the capital value and the land value. It does not necessarily reflect the actual value or replacement costs of any building.
Impact of a revaluation on property rates
Revaluations do not affect the amount of money the council collects from rates. Instead, they help us work out everyone's share of rates.
Any change in your rates depends on how your property's value changes compared to the average across the Auckland region.
If your property value changed by more, or less than the average, you may pay more or less than the 5.8 per cent rates increase increase for the 2025/2026 year.
For more information, visit How your rates bill is made up and what it pays for.