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New revaluations for Tauranga City

Property owners in Tauranga will receive their new valuations at the end of November. File Image.

Every three years properties in the Tauranga City area get revalued for rating purposes.

The last revaluation took place in 2015, so it is time for a new one.

Property owners will receive their new valuation notices at the end of November 2018, with the valuations being based on property market conditions as of July 1 2018.

These values will be used to calculate rates from July 1 2019.

In a statement on the Tauranga City Council website, it says valuations are conducted by an independent valuation company, Opteon, using mass appraisal techniques.

“Opteon use recent property sales data, resource/building consent data and sample inspections to establish an updated picture of values across the city.

“Any change in your property’s value does not mean that your rates will increase or decrease by the amount of this change, as property revaluations don’t affect the total amount of rates collected by Tauranga City Council.

“Instead, they help us work out everyone’s share of rates.”

For more information about the revaluation and for a look at what your new capital values might be, click here:

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2 Comments
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Not Sage

Posted on 20-11-2018 20:24 | By john robson

Sage, you are not, because when it comes to understanding rates, you don’t. Rates go up because the people of Tauranga elect Councillors who choose to spend more money, per ratepayer, year on year. The valuations simply determine how the overall rates bill is shared. If everyone’s property doubled in value, and nothing else changed, nobody’s rates would increase. In short, if you don’t like rates rises, forget valuations, and instead, choose your Councillors wisely.

Rates Increase looming

Posted on 20-11-2018 08:13 | By The Sage

We all know rates go up on the strength of these valuations, who do they think they are kidding? They can take the $26 charge off mine for that stupid blue bin which I do not use.