422 days ago

2024 property valuations available

The Team from Whangarei District Council

Property valuations are in the mail. Our valuer, Opteon, says they are generally similar to what they were in the previous valuation, done in 2021.

The rating valuation of every property in the District as at 1 July 2024 is also available online, via our online rates database search, and a new online valuation map:
🏠 www.wdc.govt.nz...

When we know the total value of all the property in the District, along with the value of each individual property, we can work out what share of the District’s rates to charge each ratepayer.

Key terms:
🏠 Capital value: An approximation of what your property may have sold for as at 1 July 2024, excluding chattels.
🏠 Land value: This is the value of the land as if free from improvements (if you imagined the land to be bare). This is the figure Council uses to set your rates.
🏠 Improvement value: This is the difference between the land value and the capital value.

Opteon is an independent, third-party valuation company. Opteon uses recent property sales data, resource and building consent data, and sample inspections to produce updated market values.

Full story:
📰 www.wdc.govt.nz...

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