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. 

The 2020 district-wide rating revaluation is taking place now.
The rating revaluation date moved from July to September due to the disruption of Covid-19.  

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 September 2020. The rating valuation will factor any impact this pandemic may have on rural, commercial and residential properties in the Gisborne district as at September 2020. 

The new valuations would be used for rating purposes from July 2021.

The last time properties were revalued was July 2017 and remain current until 30 June 2021.

You can check property valuations here online  

2020 property rating revaluations

The timeline for revaluations:

1 September 2020 - revaluation date.
4 December 2020 - Office of Valuer General approval.
11 December 2020 - public valuation notices issued. Property owners will be advised of their new valuations by post.
29 January 2021 - objection period closes.


Objection to a rating valuation

To make an objection to a revised property valuation:

• Fill in the writable PDF, save the form 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 September 2020. 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 freehold land

We discount the value of Maori freehold land up to 10% depending on the number of owners. Land that is considered significant may also be discounted up to 5%. There's a maximum discount of 15%.
Recent changes to rating valuation legislation will also see a further $7000 lump sum discount on all Maori freehold land valuations.
This information is displayed on the notice of valuation.