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

Anzac Day:


Reshuffle: PM Announces Changes To Ministerial Portfolios

Prime Minister Bill English today announced the appointment of Gerry Brownlee as Minister of Foreign Affairs, Nathan Guy as Minister of Civil Defence, Nikki Kaye as Minister of Education and Mark Mitchell as Minister of Defence.

The changes follow the resignations from Cabinet of Hekia Parata and Murray McCully.

In other changes Simon Bridges has been appointed Leader of the House and Nicky Wagner has been made Minister supporting Greater Christchurch Regeneration. More>>

 

Q+A Transcript: CTU Call For 'National Standards' On Wages

‘If you look at countries who do better than us, who pay wages better, who have more competitive industries, more successful economies, they have systems where there are national standards.’ More>>

ALSO:

Health Workers Respond: People's Mental Health Report Released

The People's Mental Health Review reinforces a recent YesWeCare.nz survey of 6,000 health workers, which found nine in 10 believe they don't have the staff or resources to deliver the care Kiwis need when they need it. More>>

ALSO:

More Mental Health:

Energy: Greens Launch Plan For Cheaper And Cleaner Electricity

$112 million for winter warm-up payments to help low-income households cover their power bills • setting a goal for 100 percent renewable electricity by 2030 (in average hydrological conditions) • an investigation into the electricity wholesale market. More>>

ALSO:

Gordon Campbell: On The Aged-Care Settlement

Until yesterday, a National government has always been the sworn enemy of women seeking justice in the workplace, in the face of gender-based pay discrimination. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news