NZ Herald editorial: Valuations create new anxiety for ratepayers

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Many Aucklanders face a nervous wait in the next few weeks to find what the council thinks their houses are worth.

Some will want the highest valuation they can get, particularly if they plan to sell up.

Although many properties go for sums far exceeding their rating valuation or RV (also known as a council valuation or CV), a higher valuation will help sellers get the best price possible.

It’s a different story for people who have no plans to put their home on the market, whose concerns shift to how much their rates may go up under the system. Read more…

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11933685