Coasties, Auckland Council is working to deliver its three-yearly property revaluations, with a new timeline set for 2025.

This process ensures property valuations used to set rates are fair and consistent.

According to Rhonwen Heath, Auckland Council's head of rates, revaluations and data management, "There is much rigour around property valuations, and this year's values will now be delivered in 2025."

The Valuer-General's audit and additional work requested on Auckland valuations have led to the revised timeline.

"As part of the process, the Valuer-General audits property valuations and has requested some additional work on the Auckland valuations prior to public release," says Rhonwen.

"This means that Aucklanders' property valuations will now be released in 2025, rather than late 2024."

The council assures ratepayers that the extra time taken will help ensure property valuations are accurately and consistently calculated.

Revaluation does not change the total amount of rates revenue collected but helps distribute rates fairly between ratepayers.

Ensuring a robust and consistent process for determining property valuations is vital to ensure rates are fairly shared between property owners.

The council, alongside independent property valuers, are committed to ratepayers receiving values that reflect the market as at 1 May 2024 as accurately as possible.

"We will confirm the exact timeline for public release in May, once we have confirmation from our valuation partners and the Valuer-General," says Rhonwen.

"The additional time we will take to get property valuations right will help Aucklanders have confidence that the values used to determine rates from 1 July 2025 have been accurately and consistently calculated."

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