New Valuations Reflect Increase in Western Bay Land Values
Western Bay ratepayers received information on the latest revaluation of their property in December 2016. Revaluations are required to be conducted at least every three years by every council in New Zealand under the Rating Valuations Act 1998.
|Pastoral +19% and Dairy +18%|
The valuation was carried out by the independent valuation firm Opteon (previously known as Landmass) and audited by the Valuer-General and will come into effect on 1 July 2017. While valuations have an influence on rates, due to the portion of total annual rates being based on the land and capital value of each property, the total amount of rates collected by the Council is not influenced by the valuations.
See below for a visual representation of the movements.
Property revaluation search