Postponement of Auckland Council 2020 revaluation
All councils in New Zealand are required to revalue properties within a three-year period.
Earlier this year, Auckland Council commenced its latest revaluation exercise that would result in updated capital values being available on all properties in early November 2020. These valuations are one component in helping determine what portion of the region’s total rates an individual property owner pays.
COVID-19 and the lockdown have made it difficult to conduct a reliable revaluation this year. Property valuations are generated using recent sales data of comparable properties and other relevant market evidence such as rental levels. That sales data is currently limited, as COVID-19 has caused a significant drop in both the volume of property sales and the quality of rental evidence.
As a result, the Valuer-General has agreed to Auckland Council’s request to defer its 2020 general revaluation for one year because of difficulties caused by COVID-19.
Impact on rates
Rates will continue to be generated based on the current (2017) values in the same manner as the 2019/2020 and 2020/2021 rates have been.
Impact on property prices
Rating valuations are not intended for market use. They are a mechanism to allocate rates among property owners.
🌉🛶 Early Birds Might Crack This One First… or Not? 🥚🧠
A person is crossing a bridge and sees a boat full of people, yet there isn't a single person on board.
How is this possible?
(Susan from Massey kindly provided this head-scratcher ... thanks, Susan!)
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
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Poll: Is Auckland’s economy improving?
The latest reporting from The Post suggests a wave of optimism for 2026. With interest rates finally heading south, businesses are feeling more positive. But for many on the ground, the real-world recovery feels a bit like a slow-moving commute on Auckland's motorways.
We want to know: Are you seeing signs of Auckland's economy improving in your industry or neighbourhood? Whether it's busier shops, new projects kicking off, or just a shift in the mood ...
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18.1% Yes
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64.8% No
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17.1% A little
ENGLISH CONVERSATION GROUP 😁 Mairangi Bay Presbyterian Church, 8-10 Penzance Road, Mairangi Bay
Need help learning English ? 😄 Join us at our friendly church for the English Conversation Group on Wednesday 18th March 1pm - 230pm. There is also an advanced English class in Meeting Room 1. Same day. Same time if your English is a higher level. Easy parking by the door. Everybody welcome to both groups. Laughter & fun guaranteed! See you there.😄 Cheers Helen
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