How does the process work?

Auckland City Harbour News - - News - dif­fer­ence be­tween

How does the coun­cil know what my house is worth?

Val­u­a­tions are done on a “mass ap­praisal” ba­sis, us­ing sales data from prop­er­ties sold. Staff also in­spected 85,000 of the city’s 173,000 prop­er­ties from the street, and took into ac­count any con­sents granted for ad­di­tions or al­ter­ations. The val­uer gen­eral then au­dits and signs off the val­u­a­tions.

How of­ten are prop­er­ties reval­ued?

Auck­land City Coun­cil reval­ues ev­ery three years, at a cost of about $1.3 mil­lion.

What’s the cap­i­tal value, land value and an­nual value?

Land value is the prob­a­ble price paid for the land alone, if of­fered for sale at July 1, 2008. Cap­i­tal value is the prob­a­ble price for the land plus build­ings. An­nual value, which is used to cal­cu­late rates, is the greater of 5 per­cent of cap­i­tal value or es­ti­mated gross rent less 20 per­cent.

What if I don’t agree with the val­u­a­tion?

You have un­til De­cem­ber 1 to ob­ject, and a val­uer will be asked to as­sess your prop­erty again.

For more de­tails, see www.auck land­c­i­ty­coun­cil.govt.nz/val­u­a­tion.

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