When do revaluations happen?
2023 Revaluation
The Marlborough District was revalued by Quotable Value on 1 July 2023. These values will apply from the 2024-2025 rating year, as from 1 July 2024. The rating capital value is the likely price a property could have sold for as at 1 July 2023.
With the exception of the Wairau Valley rivers works rates and the Kenepuru Road Rate, all other rates levied on property values are based on land value.
Valuation changes between district-wide revaluations will only relate to property subdivisions, new improvements and any alterations to the latest revaluation which are approved by Quotable Value or the Land Valuation Tribunal (as a result of revaluation objections lodged).
Revaluation Data
For new valuation information for specific properties, you can look up any property in the district on our Revaluation Smart Map.
Go to Revaluation Smart Map
Go to Rates Comparison Model (Revaluation) (enter a property number to compare 2020 and 2023 valuations for a specific property)
How revaluations affect rates
With a district-wide revaluation there is no direct relationship between valuation movements and rates movements.
A revaluation of the District does not increase Council's rating income, but it does redistribute the incidence of valuation based rates between individual ratepayers. This means that even if Council were to levy the same amount in total for the year following a revaluation, some ratepayers will have rate increases, while others will have rate decreases.
Rates levied on a uniform charge basis (eg: refuse and recycling charges) are unaffected by a district-wide revaluation.
The only factors responsible for increasing rates on an individual property are:
- If an individual's property value increases by more than the average increase for their geographic rating area.
- If an individual's property value decreases by less than the average decrease for their geographic rating area.
- If an individual's property values alter as a result of new improvements being added (only affects rates that are levied on a capital value basis eg; Wairau Valley Works Rates, Kenepuru Road Rate).
- If the property changes its eligibility for separate service rates/charges (eg; it now qualifies for sewerage, refuse and recycling charges etc).
- If Council adds another set of charges for an additional dwelling on the property.
- If Council amends its Revenue and Financing Policy.
- If Council increases its rating income requirement through the Annual Plan process.
- If Council adds another set of charges for an additional dwelling on your property.
