The 2019 rates revaluation notices were posted out to Hastings ratepayers this week, giving an updated rating value for their property.
Hastings District Council contracts Quotable Value (QV) to undertake these revaluations, which are legally required to be conducted every three years.
Prepared for over 32,000 properties, the new valuations will be used to set the rates for the three years from July 1, 2020.
The values are a snapshot of the market at a single point of time and the figures compiled by QV show that within the Hastings district the total rateable value is now $27,776,831,000 – a 40 per cent increase on the last revaluation three years ago.
The total land value of those properties has increased 51 per cent to $14,744,002,000 in that time.
The average residential house value is now $562,400 up 42 per cent and land value has increased 52 per cent to an average of $263,000, with the value level varying depending on location and house type.
Since 2016, the total capital value of commercial property has increased 25 per cent, the industrial sector 41 per cent and lifestyle property up by 35 per cent.
While the revaluation does not increase the total rates recovered across the district, it does redistribute how those rates are collected from each property.
Property owners can object to the revaluation if they do not believe it is correct – objections should be made directly to QV before December 4, 2019.
24 October 2019
Disclaimers and Copyright
While every endeavour has been taken by the Hastings District Council to ensure that the information on this website is accurate and up to date, Hastings District Council shall not be liable for any loss suffered through the use, directly or indirectly, of information on this website. Information contained has been assembled in good faith. Some of the information available in this site is from the New Zealand Public domain and supplied by relevant government agencies. Hastings District Council cannot accept any liability for its accuracy or content. Portions of the information and material on this site, including data, pages, documents, online graphics and images are protected by copyright, unless specifically notified to the contrary. Externally sourced information or material is copyright to the respective provider.
© Hastings District Council - / +64 6 871 5000 / firstname.lastname@example.org