Rating Revaluations

Rating values reflect the value of property (excluding the chattels) and are prepared on behalf of TCDC by Quotable Value (QV).

The revised rating values are effective as of 1 September 2020 and the new notices of valuation were posted to property owners and ratepayers in December 2020.

The District Valuation Rolls are open for public inspection, free of charge, during regular office hours (8am–4:30pm) at our Thames Office at 515 Mackay Street.

Objection forms are available from any of our offices. They should be posted to:

Quotable Value Ltd – Business Support
Private Bag 39 818
Wellington Mail Centre
Lower Hutt 5045

More information about “Understanding your Rating Value” can be found at www.ratingvalues.co.nz.

How property values are calculated

To calculate property values, QV compares recent sales in the area with the property being valued. Also considered are:

  • Property type
  • Location
  • Land size
  • Zoning
  • Floor area
  • Consented work (renovations, new build, subdivisions etc.)

The main trends for the district

Valuation changes 2017-2020.png
(Graph, above: Residential Dwelling Average Value)

“Residential house values have grown very strongly this year – particularly on the eastern side of the Coromandel,” says QV property consultant, Jarrod Hedley. “Though we’ve seen the most growth at the lower end of the market, there remains strong demand for beach-front property.”

Our district has 29,242 properties. The overall value of property in the district has increased 19 per cent since the 2017 valuation to around $25.085 billion.

  • Residential properties make up 76 per cent of the property numbers and 73 per cent of the district value - these have increased on average, 20.9 per cent to just over $822,000
  • Lifestyle properties make up 13 per cent of the property numbers and 12 per cent of the district value - these have increased around 13.1 per cent
  • Commercial and Industrial properties make up 3 per cent of the property numbers and 4 per cent of the district value - these have increased on average of 27.7 per cent for commercial and 18.5 per cent for industrial
  • Rural properties make up 2 per cent of the property numbers and 5 per cent of the district’s value - these have increased on average 27 per cent, based off strong increases in horticulture and forestry.