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 property's Rateable Value (RV), also known as CV or GV, is set by local councils every three years to calculate rates. It's based on Capital, Land, and Improvement values but doesn't involve a physical inspection.
RVs are not an accurate market value as they quickly become outdated and don't account for a home's condition or recent renovations. For a true indication of worth, get a professional valuation or a real estate agent's appraisal. Online estimates like Homes.co.nz also provide a useful starting point.
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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