Auckland Council General Revaluations 2014 - How will this affect you?

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In November, Auckland Council undertook a revaluation of all properties located within the Auckland region . Council was scheduled to post your notice of valuation between the 10th and the 12th of November so if you still have not received it, we recommend that you contact Council and ask them to urgently resend your notice.

 

How does the revaluation affect me?

As you may be aware, the annual land rates that are charged to you by Council are calculated using a formula that takes into account the current Council valuation for your property. This is why this revaluation is so important to you as a property owner.

Council claims that an increase in Council valuation does not necessarily mean that your annual land rates will also increase, however, as mentioned above it is one of the factors that Council use in their rating policy to set the annual land rates. Any change in your land rates will not take effect immediately but will increase from the start of the next rating year (1 July 2015).

 

Can I do anything about the revaluation?

As a landowner you do have the ability to object to any of the information contained in the notice but you only have a limited amount of time. Any objections must be received by Council either in writing or through their online form before 5.00pm, Friday 19 December 2014. Only in extenuating circumstances will Council allow an objection after this date.

 

On what grounds can I make an objection?

The valuation is meant to be an estimate of the property’s market value as of 1 July 2014. So, with this in mind, you can object if you believe that one or all of the values are incorrect or that the values are based on incorrect information.

The mere fact that your land rates may increase as a result of the increase in valuation, unfortunately is not a valid reason for making an objection.


How do I make an objection?

The process for making an objection will be set out in your notice. However, the following information will need to be included in your objection:

  • your reference number
  • the capital value, land value, annual value and the value of improvements of the land (whichever are applicable) as recorded in your notice
  • your reason(s) for objecting
  • what you think the value should be and any evidence supporting that
  • your name and contact details


As a property owner in Auckland, it will be in your best interest to take time to read and consider the figures that the Council comes up with in the new revaluation notices. Once you do receive your notice, if you have any questions about the objection process or the revaluation in general, please contact Smith and Partners on 09 836 0939 and one of our friendly team will be happy to assist.


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