Rateable Valuations
What is a rating valuation?
Rating valuations are usually carried out every three years to help councils set rates for the following three-year period.
They reflect the likely selling price of a property at the effective valuation date, which in this case was 1 July 2026, and do not include chattels.
Rating revaluations do not generate any additional rates for council. They are a tool used to set rates from 1 July 2027 and are not intended to be used as current market valuations, insurance valuations or for raising finance with a bank.
When were the new Marlborough values assessed?
The new values reflect the property market as it was on 1 July 2026.
Any changes in the property market since that date will not be reflected in the new rating valuations. This means a property could sell for more or less today than its new rating value.
Why have viticulture land values fallen?
Sales evidence and wider market conditions show substantially lower land values for viticulture properties than three years ago.
This reflects weaker conditions across the wine sector, including softer demand for vineyard land, pressure on grape prices and profitability, and more cautious buyer sentiment.
Why haven’t residential values fallen by the same amount?
Different property types don’t all move in the same way. They often move in different directions, and by different amounts, depending on market conditions.
In this instance, market evidence shows that Marlborough’s viticulture sector has experienced larger falls in land value than the residential sector.
My property value hasn’t changed much. Why could my rates still increase?
Because Marlborough District Council uses land value as part of its rating system, whether your land value has gone up or down relative to other properties in the district will be a factor.
But the total amount of rates you pay is determined by a combination of factors – including the services your property receives, how Council sets its rates and its annual budget.
If my land value goes down, will my rates go down?
Not necessarily. A district-wide revaluation does not increase or decrease the total amount of rates Council needs to collect. Instead, it can change how valuation-based rates are distributed between different properties and sectors.
Your final rates will also depend on Council’s annual budget, rating policies, charges, and the services that apply to your property.
Does the fall in vineyard values mean residential ratepayers will pay more?
It may result in a greater share of valuation-based rates being paid by property owners whose land values have increased or fallen by less.
However, the final impact cannot be determined from the new valuations alone.
The total amount of rates you pay is determined by a combination of factors – including the services your property receives, how Marlborough District Council sets its rates and its annual budget.
Who sets my new rating value?
Updated rating valuations have been prepared by independent valuers Quotable Value (QV) on behalf of Marlborough District Council. They are independently audited by the Office of the Valuer-General to ensure they meet rigorous quality standards.
Who sets my rates?
QV’s role is to determine rating valuations, which Marlborough District Council uses to help set its rates. The total amount of rates you pay will also be determined by the services your property receives and council’s annual budget.
What if QV has incorrect information about my property?
If you believe QV holds incorrect property information or there is something important about your property that you believe has not been taken into account, please contact QV directly. Some issues can be easily resolved or clarified over the phone or via email.
Your website says my house has four bedrooms, but it only has three. Won’t that affect its rating?
Rating values are based on factual data that QV holds for each property – including floor area, land area, age of house and construction details.
If the estimated number of bedrooms or bathrooms showing on the QV website is wrong, you can sign up for a free account on QV.co.nz and update it – but it will not have an effect on your rating value.
If you think the value assessed for your property is wrong, please give the QV revaluation team a call on 0800 787 284 or email ratingsupport@qv.co.nz. Issues like these can often be easily resolved.
Can I object to my new rating valuation?
Yes. Property owners do have a right to object if they believe their new rating valuation does not correctly reflect the property’s value at the effective valuation date.
If I object, will QV change the value to the figure I ask for?
Not necessarily. All objections will be carefully considered using relevant market evidence from around the effective valuation date. The resulting value could be higher or lower than either the original valuation or the value requested by the owner.
When will the new valuations start being used for rates?
The new valuations will be used for rating purposes from 1 July 2027. Until then, the existing rating valuations continue to apply.