Property valuations

The capital value is determined by recent sales in the area, which creates a market trend. Even if you have not made improvements to your land or property, its value may have increased because of strong sales in your area.

It is not practical to inspect every property, nor is it necessary. Council holds a lot of information about properties. Council tells QV about major changes like subdivisions and building consents. Roadside inspections can also confirm other changes.

Yes, but only some of the information.  The council is required by law to make some information public.  The contents of your valuation notice are contained within a public register known as the District Valuation Roll. This is available for public inspection at council offices for a limited time. You can access any information held about your property and ask for corrections to be made.

You can ask for your name to be removed from the District Valuation Roll. Visit a council service centre or phone us on 0800 920 029 or 09 401 5200.

Phone Quotable Value on 0800 787 284. Alternatively, go to QV's website for online property information.

What is it?

Every three years every district in NZ is revalued to set the values that councils will use to charge the rates for the next three years.  The latest revaluation took place in October 2022.  Revaluations set the value of the land (LV), capital (CV) and improvement value (IV).

Far North District Council rates on land value, so the value of the land determines how much the rates will be.

The valuation process is undertaken by the council's valuer - Quotable Value - whose team of valuers assist with assessing values across NZ.  They use current market data (sales and productivity), information from the council and discussions with real estate agents to work out the land and capital values across the district.  The results are then audited by the Valuer-General.

2025 Revaluation dates

The next revaluation will take place during the last quarter of 2025. We expect confirmation from the Office of the Valuer General (OVG) around mid-March of the effective date for the Far North district.

What did the 2019 Property Valuation tell us?

The 2019 Far North revaluation has mostly recorded increases in value across the board from the previously 2016 valuation date. The overall average residential movement from the 2016 valuations is 30 per cent on Capital Value and 35 per cent on Land Value. (Different locations have increased at varied levels. This is the average across the district).

Key points to keep in mind - a lower-value property may have moved at a greater percentage than a higher-valued property in the same area. The lifestyle market has also increased at a similar level to that of the residential market. Other sectors of note:

• Dairy and pastoral land movement was 20 per cent on average across the district
• Horticulturally categorised property had the largest increase with an average land value increase of 49 per cent
• Forestry the least with an average movement of 3.6 per cent on Land value from 2016
• Commercial and industrial land values shifted 30-35 per cent on average. Location was a factor to growth in this sector.
• Across all sectors in the Far North district, the average Capital Value movement was 25 per cent  and 30 per cent for Land Value movement from the previous 2016 valuation levels.

What did the 2016 property valuation tell us?

The 2016 property valuation revealed that values increased in all areas except Kaikohe, Kaitāia township and Awanui. Moerewa saw no change. Looking at the Far North as a whole, land values rose by 11.7 per cent and capital values rose by 12 per cent. That increase largely reversed losses recorded by the 2013 valuation.