Auckland Council is in the process of delivering its three-yearly property revaluations, ahead of the 2025/2026 rating year.
Ensuring there is a robust and consistent process for determining the property valuations used to set rates is vital to ensure rates are fairly shared between property owners.
The council, alongside our independent property valuers, are committed to ratepayers receiving values that reflect the market as at 1 May 2024 as accurately as possible.
Auckland Council head of rates, revaluations and data management Rhonwen Heath said there is much rigour around property valuations and this year’s values will now be delivered in 2025.
“As part of the process, the Valuer-General audits property valuations and has requested some additional work on the Auckland valuations prior to public release,” says Rhonwen.
“This means that Aucklanders’ property valuations will now be released in 2025, rather than late 2024.
“We will confirm the exact timeline for public release in May, once we have confirmation from our valuation partners and the Valuer-General. The additional time we will take to get property valuations right will help Aucklanders have confidence that the values used to determine rates from 1 July 2025 have been accurately and consistently calculated."
Revaluation does not change the total amount of rates revenue council collects, but helps to distribute rates fairly between ratepayers.
"Alongside our property partners, we’re working hard to complete this process so the new CVs can be applied from 1 July 2025. However, we need to balance this with ensuring a robust valuation process so ratepayers receive values that are as accurate as possible, and Aucklanders have confidence the values used to determine rates have been accurately calculated.
"The Valuer-General has very high standards, which reflects the importance of this work, and we are committed to meeting those."
Auckland Council appreciates the public interest in the valuations and looks forward to releasing them as soon as possible.
For more information on Revaluation 2024, visit aucklandcouncil.govt.nz/revaluation
