Important Rates information

Your project could affect your rates

Please be aware that building work that results in an increase to your property value, additional sanitary provisions in commercial/industrial spaces or a change of use such as creating a separately used or inhabited part of the rating unit (SUIP) will have an effect on your rates.  Speak with our rates team for further info.

 

Property improvements

Between three-yearly revaluations, we send details of all building consents to Quotable Value, so improvements being made can get included in the valuation.

Before 1 July or when renovation work is complete, Quotable Value checks the property and amends the valuation to include the work. If the project is not complete before the end of the valuation cycle, values will be re-assessed to include work completed at that point and checked each year until finished. You will receive a notice reflecting the revised value. This notice supersedes any previous valuations.

If you've done major work on your home that didn't need consent, e.g. rebuilding a kitchen, you can contact Quotable Value to include the improvements in the next revaluation.

For more information on rating values, visit About Rating Valuations on QV’s website. You can also email ratingsupport@qv.co.nz or phone 0800 786 822 to talk to Quotable Value directly.

Definition of separately used or inhabited part of a rating unit (SUIP) is provided within the Long Term Plan document.

You can contact our rates team for further information