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 considering recent sales, land value, and improvements.
However, RVs are not an accurate market valuation. They quickly become outdated and don't account for a home's specific condition, as no physical inspection is performed.
For a true market value, get a professional valuation, an agent's appraisal, or use online estimates like 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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