Tauranga homeowners have until next Friday to lodge objections to the new captial values. Photo / File
Tauranga homeowners have until next Friday to lodge objections to new capital values.
Every three years the council must revalue all properties in their localities for rating purposes.
Tauranga homeowners received their new valuation notices early in December 2018.
The new capital values reflect what each property might have sold
for at the date of valuation, July 1 2018, excluding chattels for example curtains, whiteware, stove, etc.
Independent valuation company Opteon establishes these values using mass appraisal techniques such as recent property sales data, resource/building consent data and sample inspections.
