​Triennial Revaluations Delayed

Every three years, all properties in the District are valued to help Council assess annual rates. The latest valuations were completed by QV to reflect market value as at 1 September 2021. Due to unforeseen circumstances, there was delay with the auditing process, but South Taranaki ratepayers should get their property valuations sent to them around the end of April. Keep in mind that an increase in your property’s value doesn’t necessarily mean a proportionate increase for rates. When rates are set on 1 July each year, the Capital Value of your property is only one of several elements that help us work out how much you pay in rates. Also, the total amount of rates collected does not change as a result of the total value of properties in the District. Put simply, your rates will only be affected if your property value has increased (or decreased) by more (or less) than the average movement across the District. There will be a period where property owners can object to their valuations and the new rating values will not be used for rating purposes until 1 July 2022 when the new financial year begins.