Property valuations

A property value is made up of three components:

Capital value

This is what your property might have sold for at the date of valuation. It does not include chattels, stock, plant, crops, machinery or trees.

Residential properties include GST, other property types do not.

Land value 

This is the most likely selling price of the bare land at the date of valuation.

The Land Value includes any development work which may have been carried out, such as draining, excavation, retaining walls, levelling, clearing of vegetation, or protection from flooding.

Value of improvements

This is the difference between the capital value and the land value. It reflects the value of the property's buildings and other structures.

When you receive a valuation notice, if you don’t agree with the value of your property, you can object to it.

An objection can only be lodged prior to the objection due date on your notice.

All properties that have an objection lodged against the values are inspected as it is a legal requirement.

A valuer may contact you if the inspection and consequent review cannot be conducted from the outside of the property. The outcome of the consideration of your objection will be advised to you in writing.

To lodge an objection to your new valuation, please complete all sections of the objection form and lodge with us by the due date on the valuation notice.  You can do this online.

Lodge an objection online (objection.cubetec.com)

If you prefer, you can download and complete the printable form.

Objection to rating valuation form(PDF, 111KB)

Send the completed form to us by post or email.

By post:

By email:

mailroom@wdc.govt.nz

A general revaluation of all the properties within a District usually takes place every three years.

Valuation notices are also issued between revaluations when changes are made to properties, for example, if land is subdivided, or a building is built or demolished.

If a valuation is issued between general valuations, the values are backdated to the date of the last general revaluation to ensure uniformity between properties.

For example, if you built a new house in 2022, the rating valuation date will be 1 July 2021 (the date of the last general revaluation).

Land values (LV)

The following table displays the residential land values, by suburb, for the 2021 revaluations.

Capital values (CV)

The following table displays the residential capital values, by suburb, for the 2021 revaluations.

An increase in your property valuation does not mean that your rates will increase or decrease by the amount of this change, as they don’t affect the total amount of rates collected by us.

Instead, they help us work out everyone’s fair share of rates.

Each year we assess how much money is needed to provide services and build and maintain our District’s assets like roads, wastewater, parks and sports fields.

We use your land value to calculate the share of our District’s general rates that should be paid by each property owner.

Any rates increase is determined by your property value increase compared to the average increase across the Whangārei District.

For example, a 50% increase in your property value does NOT mean a 50% increase in your rates.

If your property has increased by more than the average you will pay a slightly larger share of the total general rates. If your property has increased less than average you will pay a lower share of the total general rates.

The rating valuations are based on market data at 1 July 2021 and should reflect a likely sale price, excluding chattels, at that date.

The capital value is the value of a property for rating purposes, not the current market value of your home.

To find out the current market value of your property for a mortgage application, selling or insurance purposes, you need to engage a registered valuer.