Every three years, we value all properties in the city for rating purposes. This has been brought forward to get out of busy cycle from other larger cities.
Our rating specialist valuers, analyses the city property market through sales, resource and building consent information, and external market specialists’ input to determine the values as at 1 May 2023.
New valuation notices will be sent to property owners around mid-December 2023.
The new valuations will be used to calculate rates from 1 July 2024. A change in your property's value doesn't mean that your rates will increase or decrease by the amount of the change - they help us work out everyone's share of rates.
2023 revaluation draft results
“The Tauranga residential market is experiencing an average decrease of 10% in values between 2021 and 2023 following unprecedented growth seen during the 2021 city-wide revaluation.
The Tauranga market continues to experience similar trends to that of the wider New Zealand housing market. Increasing interest rates, rising inflationary pressures and confirmation of a recession have dented market confidence.”
The commercial and industrial property market has generally held its value, while lifestyle blocks have fallen slightly.
Average residential property value increase map (981kb pdf)
| Location
|
Average capital value change (%)
|
Average new capital value ($)
|
| Arataki/Royal Palm
|
54%
|
$1,240,000
|
| Bellevue/Brookfield
|
49%
|
$870,000
|
| Bethlehem
|
45%
|
$1,115,000
|
| Early Papamoa
|
55%
|
$1,162,000
|
| Gate Pa/Greerton
|
46%
|
$708,000
|
| Greerton/Parkvale
|
45%
|
$745,000
|
| Hairini/Poike
|
52%
|
$792,000
|
| Judea
|
49%
|
$811,000
|
| Matapihi/Maungatawa
|
57%
|
$862,000
|
| Matua
|
49%
|
$1,286,000
|
| Maungatapu
|
42%
|
$945,000
|
| Mount Maunganui Central
|
52%
|
$1,800,000
|
| Mount Maunganui North
|
52%
|
$1,800,000
|
| Mount Maunganui/Bayfair
|
53%
|
$1,245,000
|
| Ohauiti
|
48%
|
$1,025,000
|
| Otumoetai
|
44%
|
$1,125,000
|
| Papamoa Beach/Wairakei
|
57%
|
$1,044,000
|
| Papamoa East/Golden Sands
|
57%
|
$1,110,000
|
| Papamoa Hills
|
49%
|
$1,245,000
|
| Pyes Pa/Oropi
|
48%
|
$1,051,000
|
| Tauranga Central
|
46%
|
$1,150,000
|
| Tauranga South
|
50%
|
$798,000
|
| The Lakes
|
57%
|
$1,190,000
|
| Welcome Bay
|
44%
|
$833,000
|
What will this mean for my rates?
A 10% valuation decrease doesn’t mean 10% rates decrease, just like last the last revaluation 50% valuation increase did not mean 50% rates increase. Usually, only properties that have valuation decreases less than the average decrease (estimated at -10%), will pay a higher proportion of rates from 1 July 2024.
The impact on rates depends on how much budget the council needs each year to run the city, which is set through the Long-Term Plan, or Annual Plan processes. This total is divided across all ratepayers using a combination of factors including the rateables value of your property. Other factors that help determine how much you pay in rates include how much income council receives from other sources.
You’ll find information about the budgets for any given year on our Annual plans and Long-term plans pages.
When will I receive my new rating valuation?
The office of the valuer general from Land Information New Zealand is currently auditing the valuation process. We will send you the new values when they are certified by the auditors. The next opportunity for audit approval is mid-December 2023 however the audit may extend into 2024.
Sign up to get your valuation notice by email.
Revaluations do not reflect market value
Revaluations are only used to work out rates. Property valuations should reflect the likely selling price of the property, without chattels, if it sold on 1 May 2023. Council valuations do not reflect your property’s market value and should not be used for insurance or mortgage purposes.