Rating valuations

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Rating valuations

We're required to value all properties in the district every 3 years for rating purposes.  This is termed a general revaluation. 

We’re preparing for the 2020 district-wide rating revaluation which is due to take place in July. We'll continue our planning in these uncertain times but this may be disrupted by the Covid-19 pandemic. We'll update on any changes to the process.

The valuation process

We've contracted Lewis Wright, a rating valuation company, to look at current rating valuations for Gisborne district properties and reassess them.

Council and Lewis Wright have detailed records of each property. Those records are kept up to date by property inspections for building consents, subdivisions and sales analysis.

Lewis Wright will make a detailed review of all relevant sales to ensure that the new value fairly represents the market as at 1st July 2020. The rating valuation will factor any impact this pandemic may have on rural, commercial and residential properties in the Gisborne district as at July 2020. 

The new valuations would be used for rating purposes from July 2021. The last time properties were revalued was July 2017.

Property owners will be advised of their new valuations by post in November 2020.

2017 property revaluations

All property valuations in the Gisborne district were reviewed on 1 July 2017. 
You can check property valuations online using Tairawhiti Maps(external link)  

Objection to a rating valuation

If you would like to make an objection to a revised property valuation:

Fill in the writable PDF, please save it to your computer first before you fill it in and email the completed form to service@gdc.govt.nz
Revaluation Objection Form - Writable [PDF, 240 KB] 

Or print this form off, fill it in and scan and email to us or deliver to customer service.
Revaluation Objection Form - PDF [PDF, 176 KB]

What happens once you lodge an objection?

Your objection will be reviewed by a valuer from Lewis Wright.  You will receive the outcome of the consideration of your objection in writing. If you are still not satisfied, you may seek to have your objection heard by the Land Valuation Tribunal. You will need to pay a hearing fee for this.

At the Land Valuation Tribunal hearing you will be required to state your estimate of the value and provide evidence to support your claim. This evidence would normally be information about sales of similar properties, which occurred at, or near, the date of the valuation being objected to. The Land Valuation Tribunal will make a decision based on the evidence presented.

Valuing your property

There are 3 parts to valuing your property.

Capital Value estimates the total market value for your property – what it would likely sell for on 1 July 2017. It doesn't include chattels, plant, machinery or good will. 

Land Value estimates the value that the land would likely sell for if the property was undeveloped with no buildings or other structures or improvements.

Value of Improvements is the difference between the land and capital values. This is the added value given to the land by any buildings or other structures present on
the property and any landscaping that's been done.

Who approves the values?

The Office of the Valuer General audits our revaluation process before Council and owners receive the valuations.

Maori land

We discount the value of Maori land up to 10% depending on the number of owners. Land that is considered significant may also be discounted up to 5%. This information
is displayed on the notice of valuation.