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 an algorithm using recent sales data but doesn't involve a physical inspection.
RVs are often poor indicators of a property's true worth as they don't account for condition and can be outdated. For a more accurate assessment, focus on market value, which can be found through a professional valuation or a real estate agent's appraisal.
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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