Marlborough Property Revaluations

The three yearly revaluation of all properties within the Marlborough District is currently underway.

The valuation review is conducted for the Council by Quotable Value Limited – the country’s largest independent valuation and property information company.

It is expected the District Valuation Rolls with the new information will be available for public inspection at the Council, in both Blenheim and Picton, from Friday 23 September.

The Rolls will show both the old valuation and the new Land and Capital Values, and the valuation movements for every property.

Quotable Value will post out notices to ratepayers on Thursday 22 September. Information sheets will be included.

Ratepayers may lodge an objection to the new valuations. Forms are available from the Council or from Quotable Value Limited. Objections must be made, in writing or on line at www.qv.co.nz , by Thursday 27 October.

The new valuations are effective from July 1, 2011. They will be used to help determine rates for the 2012-13 rating year and the two years after that.

Individual rates are made up of a combination of rates and charges so only a portion of total rates are affected by changes in land or capital value. Refuse and recycling charges, for example, are not affected by the revaluation.

The new valuations do not change the total amount of rates collected by Council. However, they may redistribute the rates collected from individual ratepayers. This depends on whether or not their land value moved by more or less than the average movement in land values.

The final impact on rates for individual properties is expected to be available by November.
New property valuations will be on the Council website www.marlborough.govt.nz on Wednesday 28 September.

More information at www.qv.co.nz “Understanding your Rating Value”.