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 called CV or GV, is set by local councils every three years to help calculate rates. It's based on an algorithm considering capital, land, and improvement values.
However, RVs are not an accurate measure of a property's market value. They become outdated quickly and are calculated without a physical inspection, so they don't account for a home's condition or recent improvements.
For a true market value, get a professional valuation or a real estate 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
Author
Discover More
This home reno did more than knock down walls — it gave one man his independence back
Award-winning renovation transforms home and restores a tetraplegic homeowner's independence.
Paritai Drive: Inside one of New Zealand’s most expensive streets
The market, the homes, and the history of an Orakei landmark.
Search
Other articles you might like
