Buying guide
What is a rateable value in NZ? RVs explained
If you own a property (or you’re buying) it’s good to know a thing or two about RVs
AI summary
A Rateable Value (RV), also called CV, is set by NZ councils every three years to calculate property rates. It's based on an algorithm using recent sales, land value, and improvements.
However, an RV is not an accurate market valuation. It quickly becomes outdated and doesn't account for a property's specific condition or renovations, as no physical inspection is done.
For a true market value, get a professional valuation, a real estate agent's appraisal, or use online estimates from Homes.co.nz.
Rateable value explained
RVs do not neccesarily reflect the true value of a property.
Why RVs don’t necessarily reflect the value of property
RVs are important but shouldn't be relied upon to figure out a propety's value.
What is market value?
Check out online property estimates
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