Whangārei property owners will find out their new valuations before the end of the year.
The revaluation of all Whangārei properties is almost complete and owners can expect to get their new valuation notices in the mail before the end of the year, Whangārei District Council says.
The council is required to value all the properties in the district every three years. The valuations are conducted by an independent valuation company, Opteon, and audited by the Valuer General.
"Opteon uses recent property sales data, resource/building consent and survey data along with carrying out sample inspections to establish an updated view of values across our district," council revenue manager Alison Puchaux said.
"We had hoped to have the revaluation notices out to residents in November but this has been revised and residents can now expect to receive their notices around the middle of December."
The valuations will be based on the property market conditions as at August 1 and will be used to calculate rates from July 1, 2019.
"Any change in your property's values does not mean that your rates will increase or decrease by the amount of this change, as property revaluations don't affect the total amount of rates collected by council. Instead, these valuations help us work out everyone's share of the rates," Puchaux said.
Anyone with questions about the revaluation can call the council on 430 4200 or 0800 932 4636 (0800 WDC INFO).
The district is revalued every three years. After the 2015 revaluation, the capital value of Whangārei's properties rose by almost 10 per cent in three years. The district's 40,328 properties were worth $19 billion.