Notifications

Citywide property revaluations are currently being audited and new valuation notices are now expected to be delivered in January 2022.

Property revaluations take place every three years to reflect changing market values and are independently audited by the Office of the Valuer-General. The last revaluation took place in 2018.

The revaluation process was rescheduled due to the COVID-19 lockdown. The Officer of the Auditor-General is stepping through the audit process with council’s valuers before releasing the audited valuations. 

Updated valuation notices are expected to be sent out to property owners from mid-January 2022. The new valuations will be used to calculate rates for the next three years, beginning on 1 July 2022. 

What is the impact of the delay?

Given updated valuations do not affect rates until 1 July 2022, there are no flow on impacts in this regard. The council will still be able to determine its rates distribution for the Annual Plan 2022/23. 

Reminder: 

• Changes in rating valuations don’t necessarily impact rates costs, unless the change is significantly higher or lower than the citywide average.
• Rating valuations do not reflect a property’s current market value, and are only used to work out rates. They should not be used for insurance or mortgage purposes.
• A map of estimated increases by suburb including information on trends is available at www.tauranga.govt.nz/revaluation