Christchurch and Banks Peninsula property owners can now go online and check their new property valuations.
The new valuations were worked out by Quotable Value and were determined by looking at relevant market sales across the district from around 1 August 2019.
On average, residential property values across Christchurch and Banks Peninsula have only risen about one per cent since the last district revaluation in 2016.
“To see how much your property has changed in value you can go online to ccc.govt.nz/rates and enter your address into the rates and valuation search,’ says Christchurch City Council Head of Financial Management Diane Brandish.
“Overall, there has tended to be a slight increase in values for residential properties at the lower end of the market, while some properties at the higher end may see a slight decrease.
“During the first week of December we will be mailing out letters informing people of their new property valuations.
“New work such as renovations and kitchens that don’t require a building consent may not be included in the new values. If you feel your property’s new rating value doesn’t reflect your property’s market value, you have the right to object,’’ Ms Brandish says.
Objections can be made:
Objections need to be lodged by 24 January 2020.
The new values will apply to rates from 1 July 2020. They do not affect the total rates collected by the Council, which are set through the Annual Plan, but they do influence how much of the total is collected from each ratepayer.
The Council is required to carry out a general revaluation every three years to ensure that rates are spread fairly across the city.
See below for average values and changes by area. View a map of average changes across the city.
Average 2019 capital value
Average change in capital value (%)
|St Albans, Mairehau||$488,900||+2.7|
|Shirley, Dallington, Avonside, Richmond||$377,900||+0.7|
|Aranui, Wainoni, Burwood, Avondale||$327,900||+2.4|
|New Brighton (North, South and Central)||$378,600||+0.2|
|Woolston, Bexley, Ferrymead, Bromley||$361,000||+2.1|
|Mt Pleasant to Taylors Mistake||$772,800||+2.5|
|St Martins, Aynsley, Huntsbury, Hillsborough||$605,600||+2.1|
|Beckenham, Addington, Sydenham, Waltham, Opawa||$458,600||+2.2|
|Upper Riccarton, Sockburn||$452,200||-7|
|Hornby, Hei Hei, Islington||$477,800||+0.6|
|Northern and western periphery||$634,300||+2.2|
|Southern and hills periphery||$813,800||+1.7|