Delay in release of South Wairarapa rating valuations

See the full QV media statement here: Rating valuations delayed in Carterton and South Wairarapa

Quotable Value (QV), has delayed the release of updated rating valuations for South Wairarapa, which are now planned to be sent to property owners from 17 April 2024.

Revaluations of all properties across the both South Wairarapa and Carterton were originally due to be finalised in February 2024. However, the Office of the Valuer General (OVG), the government body that oversees all rating valuations, has agreed with QV that it should take more time to work on the district’s updated rating valuations before they are set to be finalised and released to the district’s property owners. 

This is due to a range of factors that have impacted on the work of QV, New Zealand’s largest valuation and property services company, including Covid 19, changing regulatory requirements, and the complexity of the rural sector.

The new values will be based on the most likely selling price if the property had sold on the valuation date, which was 1 September 2023, and will be used to help inform rates commencing in the 2024/2025 rating year.

If owners do not agree with their new rating valuation once it has been notified, they have until 24 May 2024 to lodge an objection with QV. The information regarding the objection process with QV will be sent along with the new valuations later this year.  Council are not responsible for the new rating valuations.

Find out more about Rating Valuations here: Rating Valuations

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