Every three years, we are required by law to assess the rating value of every property in the Waikato district. We use these valuations as a guide for setting your rates.
The 2024 revaluation is coming
The 2024 revaluation of all Waikato district properties took place in November 2023 and will impact rates from 1 July 2024.
We use Quotable Value Ltd (QV) to complete this process for us, looking at property type, location and land size. This information is used to calculate your rates and set a new rating value.
Impact of a revaluation on property rates
Revaluation helps us determine everyone’s share of rates collected.
An increase in property value does not necessarily result in increased rates. Rate increases are based on how your property value increase compares to the average increase across the Waikato district.
Rating revaluation data from QV is delayed. The Office of the Valuer General has asked QV to do some more work on the valuations for our district as part of the independent audit process. Unfortunately, this is outside our control.
We anticipate the new valuations will be available from 5 June 2024 subject to the completion of the audit process, with new rating valuation letters sent in the post from 12 June 2024. This data informs rates for our upcoming financial year starting 1 July 2024.
We’ll keep you updated as further information is available.
Property owners who wish to object, have 40 days to object from the date of letter notifying them of valuation. Objections are made through the QV portal.
Object to a property rating valuation
For more information, see How your rates are calculated.
FAQs