Types of valuation

council rating values (RVs) and objections

   

What is a council rating value (RV)? >
Objecting to a rating value >
Objection process >
Objection form >
About QV Rating >
Council rating revaluation schedule >
Urgent Council Rating Value update >
   
 
WHAT IS A COUNCIL RATING VALUE (RV)?

Formerly called Government valuations (GVs), council rating values (RVs) are compiled by statute, under the Rating Valuations Act 1998, mainly as a uniform basis for levying local and regional council rates.

Rating values also serve as a useful guide for property owners and other interested parties, as they are impartial and independently assessed as at the same date for every property in a Local Council.

A council rating value (RV) comprises three main components:

Capital Value
The assessment of the probable price that would have been paid for the property if it had sold at the date of the last general revaluation. Capital value does not include chattels, stocks, crops, machinery, goodwill or plantation trees.

Land Value
The probable price that would have been paid for just the land as at the date of valuation. The land value includes any development work which may have 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.

Value of Improvements
This is the difference between the capital and land values. It reflects the additional value given to the land by any buildings, other structures or cropping trees and vines present on the property, and any landscaping that adds value to the land.

A local council may also use Annual Value as a basis for levying rates.  Annual Value is the greater value of either the estimated gross annual rental less 20% (or 10% if there are no buildings on the land) or 5% of the property’s Capital Value.  View an example here >

The local council (also referred to as a territorial authority) determines how frequently they will assess the rating value, with most council’s doing this every three years. To find out when properties in your local council are to be revalued next, you can check the revaluation schedule.

 
 
OBJECTING TO A RATING VALUE

If you do not believe your current rating valuation reflects the market worth of your property as at the date of the last general revaluations, you have the right to object. Please note, objections are subject to time constraints – check the date for the last day for objecting, which is found on your owner’s notice.

QV Rating (part of Quotable Value Limited) can only process objections to rating valuations conducted by QV Rating. If a different company has undertaken your rating valuation, you will need to lodge your objection with them.

In the first instance, we suggest you telephone our Call Centre on 0800 787 284 (0800 QV Rating), and discuss your concerns with one of our team. Often issues and concerns can be resolved without formally objecting to the valuation.


 

If information appears on your Notice of Rating Valuation that is incorrect, please let us know:

 

Email:

ratingsupport@qv.co.nz

 

Phone:

0800 787 284 (0800 QV Rating)

 

Mail:

Business Support Centre
Level 1 QV House
22 Nevis Street
PETONE
Private Bag 39-818
Wellington Mail Centre
LOWER HUTT 5045

 

OBJECTION PROCESS
  1. To lodge an objection, you will need to lodge a written objection before the closing date for objections (see your Notice of Rating Valuation). The objection may be on an official form or as a letter.

  2. To register an objection you must clearly state:

    • The valuation reference number
    • The address of the property
    • A daytime contact telephone number
    • Your postal address
    • Your reason for objecting
    • An estimate of what you believe is the true value of the property

    Remember: The onus of proof on any objection rests with the objector.

  3. Send your objection to:

    Business Support Centre
    Level 1, QV House
    22 Nevis Street
    PETONE
    Private Bag 39-818
    Wellington Mail Centre
    LOWER HUTT 5045
    PH: (04) 576 4630
    FAX: (04) 576 4485

    Object online

    Please note: You may appoint someone to act on your behalf. If you are acting as an agent, please also fax/post the authorisation for an objection from the owner to QV Rating.

  4. QV will reconsider the rating valuation, taking into account your reasons. This may include discussion with you.

    A decision will be made to either:
    • alter the value, or
    • decline to make any amendment in the valuation.

  5. Notice of the valuation decision will be given to you in writing once approved by the Territorial Authority.

  6. If you disagree with the review, within 20 working days from the date you are notified of the decision, you may request that the objection be heard by the Land Valuation Tribunal. To do this, you must file the objection in the office of the District Court and provide a copy of the objection to the Territorial Authority.

  7. At the hearing, you will be required to:
    • State your estimate of the value
    • Provide evidence to support your claim. This may include details of your property and information about sales of similar properties that occurred at, or near, the date of the valuation being objected to.

  8. The Land Valuation Tribunal will make a decision based on the evidence presented.
WHERE DO I GET MY EVIDENCE TO SUPPORT MY OBJECTION

The best way to support your objection is with a recent valuation, or recent sales of similar properties in your locality.

E-Valuer will provide an estimate of the current market value of your property, based on recent sales of similar properties in your area. For more information view the sample E-Valuer report.

The Local Sales report will give you the most recent sales available in your area, so you can see how much nearby properties have sold for. For more information view the sample Local Sales report.

 
 
About QV Rating

QV Rating is New Zealand's largest and most experienced supplier of rating valuation services to local government. Operating in a contestable market since 1998, QV Rating has continued to be the market leader.

QV Rating’s strengths are a combination of focused central administration and a high- quality nationwide team of local valuation experts, supported by groundbreaking technology.

Rating services we provide :

Revaluations

QV Rating uses advanced mass- appraisal techniques with a combination of technology, local valuation experts, and full inspection techniques, to assess the value of each property within a territorial authority. QV Rating assesses the rating valuations in full compliance with all statutory requirements.

Changes to the district valuation roll

QV Rating updates the district valuation roll for many New Zealand councils on a daily basis, including:

  • processing notices of sales advice and change of address notices
  • actioning new subdivisions
  • processing building consents and updates resulting from other new construction.

When properties change, either through a subdivision or construction work, a QV Rating property valuation expert reassesses the worth of the property. The value is assessed as at the last revaluation date, to preserve uniformity of the rating base.

Facilities and database management

QV Rating has the facilities to manage the information technology needs of local authorities and is able to provide facilities management and information services.

Managing objections

QV Rating's independent service, experience and knowledge allow us to manage objections from ratepayers fairly and quickly.

Council rating revaluation schedule

These are the next revaluation dates for each territorial authority throughout New Zealand – the date the valuation will take effect from, and the date owners will be notified. (Revaluation dates may change.)

Name Effective Date Public Notice Date
MARLBOROUGH DISTRICT 1 July 2011 14 September 2011
RUAPEHU DISTRICT 1 July 2011 21 September 2011
KAPITI COAST DISTRICT 1 August 2011 5 October 2011
WAIPA DISTRICT 1 August 2011 -
QUEENSTOWN LAKES DISTRICT 1 July 2011 12 October 2011
TARARUA DISTRICT 1 September 2011 12 October 2011
RODNEY DISTRICT 1 July 2011 25 October 2011
NORTH SHORE CITY DISTRICT 1 July 2011 25 October 2011
WAITAKERE DISTRICT 1 July 2011 25 October 2011
MANUKAU DISTRICT 1 July 2011 25 October 2011
PAPAKURA DISTRICT 1 July 2011 25 October 2011
FRANKLIN DISTRICT 1 July 2011 25 October 2011
INVERCARGILL DISTRICT 1 July 2011 26 October 2011
NAPIER DISTRICT 1 September 2011 2 November 2011
STRATFORD DISTRICT 1 September 2011 2 November 2011
WESTLAND DISTRICT 1 September 2011 9 November 2011
WAIKATO DISTRICT 1 July 2011 -
HOROWHENUA DISTRICT 1 September 2011 16 November 2011
MASTERTON DISTRICT 1 September 2011 16 November 2011
CARTERTON DISTRICT 1 September 2011 16 November 2011
SOUTH WAIRAPAPA DISTRICT 1 September 2011 16 November 2011
KAIPARA DISTRICT 1 September 2011 23 November 2011
TIMARU DISTRICT 1 September 2011 23 November 2011
RANGITIKEI DISTRICT 1 September 2011 30 November 2011
CLUTHA DISTRICT 1 September 2011 30 November 2011
TASMAN DISTRICT 1 September 2011 7 December 2011


 

Types of valuations
 
 

object to council rating value