Time running out to lodge valuation objections in Tauranga

Tauranga homeowners have until next Friday to lodge objections to the new captial values. Photo / File

Tauranga homeowners have until next Friday to lodge objections to new capital values.

Every three years the council must revalue all properties in their localities for rating purposes.

Tauranga homeowners received their new valuation notices early in December 2018.

The new capital values reflect what each property might have sold for at the date of valuation, July 1 2018, excluding chattels for example curtains, whiteware, stove, etc.

Independent valuation company Opteon establishes these values using mass appraisal techniques such as recent property sales data, resource/building consent data and sample inspections.

If property owners feel their new valuation doesn't reflect the value of their property at July 1 2018, they have 10 days left to lodge an objection on the Tauranga City Council website, via email or post.

The cut-off date for objections is Friday January 25 2019.

Opteon will review all objections and evidence by June 30 2019, working area by area.

The new rating values will be used to calculate everyone's share of rates from July 1 2019, once the council budget for 2019/20 has been set through the annual plan process.

More information at tauranga.govt.nz/revaluation.

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