Revised Rating Valuations 2020
The rating valuations have been prepared for 9,854 properties on behalf of the Ruapehu District Council by Quotable Value Ltd (QV).
Rating valuations are carried out on all properties in New Zealand, usually once every three years to specifically help local councils set rates for the following three year period. Rating values are just one of a number of factors councils use to allocate rates. Council rates will not be based on the new 2020 rating valuations until 1 July 2021.
The updated rating valuations should reflect the likely selling price of a property at the effective revaluation date, which was 15 August 2020, but do not include chattels.
The rating revaluation figures compiled by QV show the total rateable value of the 9,854 properties within the Ruapehu District is now $6.194 billion, with the land value of those properties now valued at $3.457 billion.
The updated rating valuations are independently audited by the Office of the Valuer General, and need to meet rigorous quality standards before the new rating valuations are certified.
New rating values will be posted to property owners after 7 October, 2020.
The next revaluation will be in September 2023.