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.
A Neighbourly Riddle! Don’t Overthink It… Or Do?😜
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!
If you multiply this number by any other number, the answer will always be the same. What number is this?
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
-
59.8% Yes, supporting people is important!
-
24.4% No, individuals should take responsibility
-
15.8% ... It is complicated
Night-time chipsealing works on SH2
From 9 to 17 February, stop/go traffic management will be in place on SH2 between McPherson Road and Dimmock Road on multiple nights between 9pm and 5am (Sundays to Thursdays).
During the day, all lanes will be open, but speed restrictions will apply to allow the chipseal to set and to protect vehicles travelling over the newly laid surface.
There may be delays to your journey when travelling through the area. This is weather dependent so check NZTA Journey Planner before you travel.
Loading…
