Quotable Value Limited (QV)
The Rating Valuations Act 1998 obliges councils to maintain the valuation rolls but allows them to choose their valuation service provider. In the Christchurch district, the valuation service provider is Quotable Value Limited, which is a State-owned enterprise.
The Office of the Valuer-General independently audits the process to make sure QV meets strict quality standards.
How we assess your valuation
QV looks at relevant market sales from your area around the time of the revaluation’s effective date (1 August 2019) and uses that information to determine values for similar properties in the area.
Valuers also inspect some properties and take into account Technical Category 1, 2 and 3 land classifications. Where a building has been demolished, only the land value applies.
Christchurch City Council sets most of its rates based on capital values. The Council also invoices rates on behalf of Environment Canterbury (ECan). Most of ECan’s rates are also based on capital value, although some may be based on other information such as land value.
What we use the valuation for
Your rating values are designed to be used for rating purposes only. They are not an estimate of the cost to rebuild a home or building and should not be used for insurance purposes.
How the valuation affects your rates
If the rating value of your property rises or falls, your rates won’t necessarily go up or down as well. Rating values do not affect the total amount of rates collected by the Council – they are used to work out who pays what portion of the city’s total rates. The important thing is how your property’s capital value has changed relative to other properties in the city.
If your property value has gone up by less than the Christchurch average since 2016, then your rates should go up by less than the Christchurch average, and may even fall.
If your property value has gone up by more than the Christchurch average since 2016, then your rates will probably go up by more than the city-wide average too. Rates bills also include fixed charges that are spread evenly across all properties.
How we know when changes have been made to your property
The Council has copies of all survey plans and building consents issued. If changes to your property did not need a building consent or survey plan, this work may not be reflected in your valuation.
You may wish to tell QV about these changes through the objection process.