Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Three-yearly Rotorua property revaluations begin this month

News Release

Tuesday 13 May 2014

Three-yearly Rotorua property revaluations begin this month

Property inspections begin in residential areas of Rotorua this month as part of Rotorua District Council’s (RDC) 2014 programme to revalue all properties in the district for future rating purposes.

Valuation company Landmass Technology Ltd has been contracted by RDC to undertake the revaluations over the next three months. Updated property value information will then be used by the council for calculating annual rates charges from the start of the 2015/16 financial year.

Results from the revaluation project are expected to be made available to property owners in October this year.

Under legislation councils are required to revalue all properties every three years, the last having been completed in 2011.

Council chief financial officer, Dave Foster, said property valuations take into account a range of information, including property improvements recorded on council property files and market information gleaned from recent property sales statistics.

“To ensure the integrity of the information, valuation methods and processes are subject to the Rating Valuations Act and are scrutinised by the government’s Office of the Valuer-General.

“When property owners are advised of their new rating valuations in October, they’ll have an opportunity to appeal their new valuation and seek a review if they have any reason to believe the results aren’t a fair reflection of their property’s value,” said Mr Foster.

The new valuations will not be used by the council for calculating rates until the start of the 2015/16 financial year, and will remain in use for rating purposes for the following two years.

The revaluation process requires professional valuers to visit a selection of properties for external assessment but does not involve internal inspections of properties.

Valuers working under contract to Rotorua District Council will carry identification at all times when visiting properties.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Protests Close Roads: TPP Signed In Auckland

“TPP was signed by Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Viet Nam.” More>>

ALSO:

Emails Behind 'Diplomatic Immunity' Case: Whitehead Report Released

“As previously indicated the conclusions reached by Mr Whitehead’s investigation are not unexpected but they are very disappointing,” Mr Mccully says. “At the heart of the matter is a single email, along with procedural shortcomings, which gave Malaysian officials the impression it would be acceptable for Mr Rizalman to return to Malaysia." More>>

ALSO:

Gordon Campbell: On The Treaty/TPP Overlap, And Iowa

The fears about the ISDS provisions in the Trans Pacific Partnership deal are well-founded. The reality is that there is a sharp uptick in the occurrence of ISDS litigation in developed countries, and even the right wing likes of The Economist have been souring on the process for some time. More>>

ALSO:

Christchurch Red Zone Offers: Fresh High Court Proceedings

Grant Cameron, Solicitor for the Quake Outcasts said “the action seeks judicial review of the Crown’s recent decision to make a fresh offer to purchase properties from uninsured property owners in red zones. More>>

ALSO:

PM's Post-Cabinet Press Conference: Waitangi And TPP

Prime Minister John Key on Tuesday said his office has received an invitation for him to visit the Lower Marae on Waitangi Day, but was waiting for a meeting of the Te Tii Marae Trustees. More>>

ALSO:

Flagged: 'Wrong Colour' Bridge Flag To Change

NZ First: Only 13 days after National trumpeted its legally questionable flag on Auckland Harbour Bridge, it is now coming down because it is the wrong colour... “Mr Key’s latest flag fiasco is another waste of taxpayers' money. Given it is coming down, down is exactly the location where it should remain. More>>

ALSO:

School's In: Children Head Back To School

“Across the whole of this year we expect 61,820 five year olds will begin their primary schooling for the first time,” says the Ministry of Education head of sector enablement and support Katrina Casey. More>>

ALSO:

Dog & Lemon: FBI Disagrees With NZ Government Over Police Chases

Multiple studies, quoted by the FBI, show that once suspects realise they're no longer being chased; they tend to slow down to normal driving speeds and therefore become far less of a risk. The FBI report also categorically rejected the argument that abandoning police chases meant ‘giving in’ to offenders. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news