Rating Valuations
Every three years Ōpōtiki District council has a legal requirement to value all properties in the district.
The Valuation Rolls for Ōpōtiki District Council are revised by Quotable Value Limited (as the Council's valuation service provider).
A rating value (RV) is assigned to every property in Aotearoa New Zealand. It’s made up of the:
- Capital Value (CV) – the likely price the property would sell for at the time of the valuation, excluding chattels.
- Land Value (LV) – the likely price that just the land (minus buildings and improvements) would sell for at the time of the valuation.
- Value of Improvements – the difference between the property’s Capital Value and Land Value. It reflects the value any buildings and improvements add to the bare land.
Your rating valuation
You can view your current valuation on the QV website.
Once the revaluation process is complete and the appeals period has passed, the valuation data will form part of the District Valuation Rolls and you can find the information on our Property and Rating database. You can also view the Rolls, free of charge, during regular office hours, at our office at 108 St John Street, Ōpōtiki.
Revaluations
The current Rating Values have been effective since 1 June 2025.
You can lodge an objection before 14 November 2025 (details below).
If you have any questions about your revaluation, contact QV on 0800 786 822.
Determining property rating valuations
QV valuers analyse recent sales and compare similar properties using technology and experience to determine a property’s rating valuation. They may also contact a selection of properties and ask them to fill out a questionnaire to help get a clearer picture of the current market.
Because it’s not possible to view most properties in person, they may also inspect properties sold recently, and those where building consents show work has recently been completed. Many urban properties are also looked at externally to check the accuracy of the proposed value.
The updated rating valuations are independently audited by the Office of the Valuer-General to ensure they meet rigorous quality standards before the new rating valuations are certified.
What revaluations mean for rates
Revaluation doesn't affect the total amount of rates collected by council, but it does help council work out everyone's share of rates, which is based partly on capital value. For example, if your property value has gone up by 30%, that doesn't mean your rates will also go up by 30%. The total amount of rates we require to run the district doesn't change because property values change. Rating values are just one component of how rates are assessed.
The amount of money needed in rates is based on the funding we need to deliver services and projects to the district and is determined each year via the annual or long term plan process. These costs are then allocated across our district using a combination of land value, capital value and fixed charges, with differential rates applied in some cases.
Lodging an objection to your valuation
When you receive your new rating valuation notice, you should review your valuation. You can lodge an objection free of charge before the objection closing date if you believe the valuation for your property is either too low or too high.
You can make an objection online at www.ratingvalues.co.nz, or by personal letter posted to QV. Contact QV on 0800 787 284 for further information. You can also download an objection form PDF from the website or pick one up from our customer services counter. Your completed form needs to be posted to:
Quotable Value Ltd – Business Support
Private Bag 39 818
Wellington Mail Centre
LOWER HUTT 5045
If you miss an objection deadline, QV will take your concerns into account on the next revaluation, or you can ask QV to do an urgent rating review without having to wait for another general revaluation. There is a charge for QV to do this. Any change in rating value will be used for rating purposes from the next rating year. For more information visit the QV website, www.ratingvalues.co.nz.
More information and FAQs
More information about “Understanding your Rating Value” can be found at www.ratingvalues.co.nz
The Frequently Asked Questions page includes some common questions and answers about revaluations.
