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Auckland Council is in the process of delivering its three-yearly property revaluations, ahead of the 2025/2026 rating year.
Ensuring there is a robust and consistent process for determining property valuations used to set rates is vital to ensure rates are fairly shared between property owners.
The council, alongside our independent property valuers, are committed to ratepayers receiving values that reflect the market as at 1 May 2024.
Auckland Council head of rates, revaluations and data management Rhonwen Heath said the council and its valuation providers have undertaken a rigorous process, revaluing 630,000 properties to update all capital values by analysing data, such as local sales, location and other property factors.
“The Valuer-General has requested targeted areas for final review and, as a result, we now have a high degree of confidence that final certification will be achieved in time for valuations to be publicly released to Auckland ratepayers in the week of 9-13 June 2025,” says Rhonwen.
“We believe the thoroughness of this work will give Aucklanders confidence that the revaluation process is robust. It means ratepayers receive rates that are fairly calculated.”
The council has signalled a 5.8 per cent rates increase for the average residential property this coming year – and property owners with a valuation change in line with the average change, will likely have a rates increase generally in line with the 5.8 per cent from 1 July 2025.
Revaluation does not change the total amount of rates revenue council collects, but helps to distribute rates fairly between ratepayers.
“Alongside our property partners, we’re working to complete this process so the new CVs can be applied from 1 July 2025.”
For more information on Revaluation 2024, visit aucklandcouncil.govt.nz/revaluation
