Kaipara property values increase

Jason Smith — Kaipara District mayor

Property values across the Kaipara District have increased by a huge 30 per cent in the latest three-yearly Quotable Value revaluation and Mayor Jason Smith says this, along with suggestions made during the Long Term Plan consultation, will determine future rates.

“Some property values have gone up and some have gone down. This demonstrates the changes occurring across the district, so some people will end up paying less rates and some will end up paying more. There are increasingly popular parts of Kaipara district and we are seeing some real growth, which is reflected in those valuations.” he said

Property values are determined by recent sales in the area and can include location, land size, zoning, floor area and work such as renovations.

The total capital value of the 14,819 properties within Kaipara District Council is $8.6 billion, with the land value of those properties now valued at $5.0 billion. This is a 30 per cent increase from the previous 2014 value level.

“The important thing is that Kaipara is growing. It is changing and its rate of change is getting faster,” Mayor Smith says.

The increase in valuation does not automatically mean a hike in rates, as rating valuations form only a part of the calculation of rates bills, and the new rating valuations will be used to calculate rates for the next rating year that come into effect on July 1.

“The council is now working through the Long Term Plan consultations and we have our hearings next week, as part of that process. Based on what the community are saying it wants council to do, will determine what our rates increase will be.”
Hearings for the Long Term Plans will take place over the next couple of weeks in Dargaville and Mangawhai.

The total capital value of the 14,819 properties within Kaipara District Council is $8.6 billion, with the land value of those properties now valued at $5.0 billion. This is a 30 per cent increase from the previous 2014 value level.

“The important thing is that Kaipara is growing. It is changing and its rate of change is getting faster,” Mayor Smith says.

The increase in valuation does not automatically mean a hike in rates, as rating valuations form only a part of the calculation of rates bills, and the new rating valuations will be used to calculate rates for the next rating year that come into effect on July 1.

“The council is now working through the Long Term Plan consultations and we have our hearings next week, as part of that process. Based on what the community are saying it wants council to do, will determine what our rates increase will be.”

Hearings for the Long Term Plans will take place over the next couple of weeks in Dargaville and Mangawhai. 


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