- the likely price a property would sell for at valuation time (Capital value),
- the likely price that the land on its own would sell for at valuation time (Land value), and
- the value which the buildings and improvements have made to the land : that is, Capital – Land = Improvements value.
See which councils are having a revaluation for rating purposes in 2016.
Christchurch City Council 2016 rating revaluation
QV is currently undertaking the three-yearly revaluation of Christchurch City. For the last revaluation in 2013 a modified method was used under a special Order in Council passed by Government to value all the properties in the city as if they were undamaged by the recent seismic events.
There will be no such order this revaluation and therefore QV is required to value all properties taking into account any damage. QV is looking at a range of options so that we are aware of damage that has occured to properties within the city that remain un-repaired.
The Christchurch earthquake survey to collect information on earthquake damage to properties is now closed, as the rating revaluation is now being finalised.
The 2016 Christchurch City revaluation values will be notified to property owners in early December 2016.
The usual objection period will also be available to ratepayers where they disagree with the assessment from QV.
Any queries please call QV on 0800 786 822.