Valuations
Triennial Revaluation Movements
The Marlborough District was revalued by Quotable Value Ltd on 1 July 2008. The new values apply from the 2009-10 rating year.
With the exception of the Wairau Valley River Rates and the Kenepuru Road Rate, all other rates levied on property values are based on Land Value (LV).
Land value percentage movements for the six geographic rating areas, the district at large and their differential rating groups for the triennial revaluation on 1 July 2008 were:
(The previous revaluation movements as at 1 July 2005 and 1 September 2002 are shown alongside).
| 1.07.08 | 1.07.05 | 1.09.02 |
|---|
| Blenheim - Residential/Rural |
34.44% |
150.82% |
5.32% |
| Blenheim - Commercial/Industrial |
55.98% |
94.93% |
5.28% |
| Blenheim - Total |
37.45% |
141.16% |
5.31% |
|
|
|
|
| Blenheim Vicinity - Residential/Rural |
37.64% |
81.88% |
74.48% |
| Blenheim Vicinity - Commercial/Industrial |
42.17% |
120.49% |
32.08% |
| Blenheim Vicinity - Total |
37.74% |
82.55% |
73.41% |
|
|
|
|
| Picton - Residential/Rural |
21.19% |
159.12% |
14.57% |
| Picton - Commercial/Industrial |
31.44% |
148.97% |
10.24% |
| Picton - Total |
22.91% |
157.35% |
13.76% |
|
|
|
|
| Picton Vicinity - Residential/Rural |
19.71% |
184.66% |
14.42% |
| Picton Vicinity - Commercial/Industrial |
166.67% |
187.84% |
0.23% |
| Picton Vicinity - Total |
21.97% |
184.71% |
14.18% |
|
|
|
|
| General Rural - Residential/Rural |
38.87% |
123.66% |
56.12% |
| General Rural - Commercial/Industrial |
46.67% |
166.96% |
33.00% |
| General Rural - Total |
38.99% |
124.21% |
55.77% |
|
|
|
|
| Administrative Rural - Residential/Rural |
25.64% |
213.95% |
27.71% |
| Administrative Rural - Commercial/Industrial |
33.48% |
270.78% |
15.82% |
| Administrative Rural - Total |
25.82% |
214.85% |
27.50% |
|
|
|
|
| District-wide - Residential/Rural |
35.20% |
119.64% |
45.29% |
| District-wide - Commercial/Industrial |
49.14% |
114.38% |
10.83% |
| District-wide - Total |
35.97% |
119.35% |
44.46% |
The following is a summary of the valuation movements for each of Council's geographic and differential rating areas:
| Rating Area | Average LV Mvt | LV Mvt Range | Average CV Mvt | CV Mvt Range |
|---|
| Blenheim R/R |
34.44% |
(13.98)% - 354.55% |
20.42% |
(23.08)% - 953.57% |
| Blenheim C/I |
55.98% |
(13.75)% - 267.57% |
39.79% |
(33.85)% - 196.00% |
| Blen Vic R/R |
37.64% |
(20.21)% - 398.33% |
30.00% |
(20.21)% - 391.80% |
| Blen Vic C/I |
42.17% |
(25.00)% - 400.00% |
25.83% |
( 9.09)% - 122.35% |
| Picton R/R |
21.19% |
(79.45)% - 185.71% |
19.42% |
(77.33)% - 400.00% |
| Picton C/I |
31.44% |
(50.93)% - 180.00% |
33.00% |
(50.00)% - 114.29% |
| Picton Vic R/R |
19.71% |
(25.00)% - 1400.00% |
15.46% |
(16.06)% - 1400.00% |
| Picton Vic C/I |
166.67% |
20.00% - 205.26% |
58.40% |
1.89% - 66.43% |
| Gen Rural R/R |
38.87% |
(44.44)% - 832.50% |
36.62% |
(49.01)% - 1339.40% |
| Gen Rural C/I |
46.67% |
00.00% - 516.67% |
22.82% |
( 5.53)% - 277.36% |
| Admin Rural R/R |
25.64% |
(48.00)% - 173.33% |
19.35% |
(48.00)% - 181.25% |
| Admin Rural C/I |
33.48% |
25.00% - 233.33% |
34.85% |
14.52% - 147.62% |
C/I Relates to Commercial and Industrial Properties
R/R Relates to Residential and Rural Properties
The Capital Value (CV) for the district at large increased by 28.59% as a result of the triennial revaluation on 1 July 2008.
(The previous revaluation movement as at 1 July 2005 was 75.34% and 26.80% as at 1 September 2002).
The following is a valuation movements summary of all rates levied on a capital value basis:
| 1.07.08 | 1.07.05 | 1.09.02 |
|---|
| Wairau Valley River Class A Rate |
34.56% |
79.23% |
41.42% |
| Wairau Valley River Class B Rate |
27.73% |
45.55% |
64.67% |
| Wairau Valley River Class C Rate |
29.05% |
58.22% |
55.39% |
| Wairau Valley River Class D Rate |
32.10% |
71.46% |
55.64% |
| Wairau Valley River Rural Urban 1 Rate |
31.36% |
66.66% |
9.44% |
| Wairau Valley River Rural Urban 2 Rate |
30.33% |
79.62% |
4.78% |
| Wairau Valley River Blenheim Urban 1 Rate |
26.50% |
72.34% |
3.61% |
| Wairau Valley River Blenheim Urban 2 Rate |
21.77% |
84.70% |
2.82% |
| Wairau Valley River Blenheim Urban 3 Rate |
17.94% |
79.26% |
3.03% |
| Wairau Valley River Blenheim Urban 4 Rate |
16.69% |
83.01% |
2.32% |
|
|
|
|
| Kenepuru Road Rate |
6.16% |
125.74% |
25.49% |
The next revaluation of the District will be released in September 2011. Valuation changes prior to 2011 will only relate to property subdivisions, new improvements, and any alterations to the 1.07.08 revaluation which are approved by Quotable Value Ltd or the Land Valuation Tribunal (as a result of revaluation objections lodged prior to 15 October 2008).
With a district-wide revaluation there is no direct relationship between valuation movements and rates movements.
A revaluation of the District does not increase Council's rating income, but it does redistribute the incidence of valuation based rates between individual ratepayers. This means that even if Council were to levy the same amount in total for the year following a revaluation, some ratepayers will have rate increases, while others will have rate decreases.
Rates levied on a uniform charge basis (eg; refuse charges) are unaffected by a district-wide revaluation.
The only factors responsible for increasing rates on an individual property are:
- If an individual's property values alter by more than the average movement for a particular rating area.
- If an individual's property values alter as a result of new improvements being added (only affects rates levied on a capital value basis).
- If the property changes its eligibility for separate service rates/charges (eg; it now qualifies for sewerage, refuse etc).
- If Council amends its Revenue and Financing Policy. If Council increases its rating income requirement.