How often we revalue properties in Auckland
We revalue properties every three years. This is a legal requirement.
Our last general revaluation was in 2017, and our next revaluation will be in late 2020.
Effect of 2017 revaluation on property rates
An adjustment in a property’s capital value does not mean that property rates will automatically change.
If the 2017 property revaluation does change your property rates, it will be after 1 July 2018.
We will know the impact on property rates after we finalise our 10-year budget next year.
A guide to the average expected value movements by local board area is available at the bottom of this page.
Read the full transcript of this video
Why we revalue properties
The general revaluation of all properties helps us work out everyone's share of rates.
The aim of the general revaluation is not to provide values for property owners to use for marketing, sales or any other purposes.
Property values are public information - you can view them online.
Find your property rates or valuation
The 2017 Auckland property valuations will be available using the search tool above from late November 2017. All changes to this information are on hold while we update the new data.
How we calculate property values
We compare recent sales in the area with the property being valued.
We consider:
- property type
- location
- land size
- zoning
- floor area
- consented work (renovations, new build, subdivisions etc.)
and many other factors.
A property value is made up of three parts:
-
Capital value (CV) - The most likely selling price at the date of valuation. The CV is also known as Government valuation (GV) or Rateable value (RV).
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Land value (LV) - The most likely selling price of the bare land at the date of valuation.
-
Improvement value (IV) - The CV minus LV. The IV does not represent the replacement value of the building(s) or other improvements on the land.
A zoning change under the unitary plan may affect a value if it changes the way a property can be developed - such as housing intensification, or used - such as a change from a residential to a business zone.
Our valuers work with independent organisation Quotable Value (QV) to determine property values.
