Christchurch City Council rates are largely allocated on the basis of property rating values.
Under both the Rating Valuations Act 1998 and the Local Government (Rating) Act 2002, the Council is required to value all properties for rating purposes.
A rating valuation (or capital valuation) reflects the property's market value on the date of the valuation. It does not include chattels (e.g. carpets, drapes, light fittings), stock, crops, machinery or trees.
Valuations are made up of :
Our valuations are done for us by Quotable Value(external link), a specialist valuation firm which provides valuation services to most local councils across the country.
We must update our rating valuations every three years – the current 2022 values will be used to calculate your rates from 1 July 2023 until 30 June 2026. Until then, your rates will be calculated based on the 2019 valuations.
The next revaluation will be in 2025. If you build a new house before then, its rating valuation will still be based on market prices as of 1 August 2022 to ensure that the rates system is fair (i.e. so you do not pay extra just because of house price inflation since 1 August 2022).
Importantly, rating valuations do not affect how much we collect in rates – they only affect how much of our total rates income is paid for by each property. For example, a large investor owning (say) 2% of the whole district should pay around 2% of our total rates; if market values change over time so that the same investor now owns (say) 3% of the whole district, they should now pay around 3% of our total rates and everyone else should pay a bit less.
The total amount of rates income we need is set each year through our annual planning process and is not related to any changes in market valuations.
While we do our best to ensure information is correct and regularly updated, errors in the data and its completeness may occur. If you find a problem email us on firstname.lastname@example.org
Rating values should not be used to calculate the replacement value for insurance purposes. An estimate of replacement value usually includes demolition and consent costs associated with rebuilding. Such costs are not included in a rating valuation.