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), or CV, is set by local councils every three years to calculate rates. It's based on algorithms and sales data, not a physical inspection of the property.
Because RVs quickly become outdated and don't account for a home's specific condition or features, they are not an accurate market valuation.
For a true indication of worth, get a professional valuation or a real estate agent's appraisal. Online estimates can also provide a helpful starting point.
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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