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Citywide revaluation rates up for objection

Tauranga’s 2018 revaluation is hitting homeowner’s letterboxes and email inboxes, as of last week.

Every three years councils must revalue all properties in their localities for rating purposes.

The revaluation has been completed by independent valuation company Opteon.

The new capital values reflect what each property might have sold for at the date of valuation, July 1, excluding chattels such as curtains, whiteware and stoves,” says Tauranga City Council in a statement.

Opteon establishes these values using mass appraisal techniques – recent property sales data, resource/building consent data and sample inspections, says TCC.

“If property owners feel their new valuation doesn’t reflect the value of their property at July 1, they can lodge an objection on council’s website, via email or post.”

The cut-off date for objections is Friday January 25.

“Opteon will review all objections and evidence by June 30, working area by area. The new rating values will be used to calculate everyone’s share of rates from July 1, once the council budget for 2019/20 has been set through the annual plan process.”

More information: www.tauranga.govt.nz/revaluation

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