Auckland Council valuations

2022 - 3 - 8

auckland council rates - auckland rates

Post cover — Image courtesy of "OurAuckland"

34 per cent increase in Auckland property values (OurAuckland)

Auckland Council's latest property valuations show significant movements across the region, with an average value increase of 34 per cent.

This revaluation shows that lower value properties have increased in value at a faster rate than higher value properties. Their rates will still be well within the rates affordability threshold of 5 per cent of income. The last revaluation was in 2017 and the planned 2020 revaluation was delayed due to COVID-19. The latest revaluations were deferred until March this year so the council could conduct more work on the values as requested by the Valuer General. In this year’s revaluation, industrial properties are a standout increasing by an average of 53 per cent. The value increases have moved out from the city centre, which is what we would expect as housing in those areas becomes more desirable.” These areas have all undergone intensification in recent years, and these movements demonstrate the impact of this.

Auckland rates: Some of city's poorest suburbs hardest hit by rates ... (Stuff.co.nz)

Property owners in some of Auckland's poorest suburbs face rates rises of around 13 per cent after Auckland Council's latest property valuations.

- Papakura: Average rates: $2,571 / Average change: 8.3% - Manurewa: Average rates: $2,639 / Average change: 8.3% - Henderson-Massey: Average rates: $2,800 / Average change: 12.9% - Franklin: Average rates: $2,444 / Average change: 5.4% - Devonport-Takapuna: Average rates: $4,268 / Average change: 4.6% - Albert-Eden: Average rates: $4,237 / Average change: 7.3%

Rates rises keenly felt in poorer suburbs (Newsroom)

Property revaluations released today suggest standalone homeowners in some of Auckland's less affluent areas may be hit hardest by increases in rates.

According to Auckland Council, the high average increases in these areas have been caused by intensification in recent years. However, increase in property values doesn’t automatically lead to increased rates. He’s seen an “immeasurable” increase in people needing help since the beginning of the Omicron outbreak. “We already have no money, we're already barely getting by day to day,” Letele said. What it comes down to is it's less food, it's less petrol, it's less school uniforms, less school books.” “Stuff like this affects the bottom line of families.

Auckland sees 34 per cent average increase in property values (1 News)

Property valuations released by Auckland Council on Tuesday shows an average increase in value of 34 per cent across Tāmaki Makaurau.

All three of those areas have seen average increases between 41 and 49 per cent. Great Barrier Island had the largest jump in value, showing an average increase of 59 per cent. Property valuations released by Auckland Council on Tuesday shows an average increase in value of 34 per cent across Tāmaki Makaurau.

Auckland's average property value increases by 34 percent in latest ... (Newshub)

Auckland Council's latest property valuations show a 34 percent increase in the region's average house value. The latest figures reflect the likely price a ...

Skyrocketing property values revealed: Where Auckland CVs have ... (New Zealand Herald)

Auckland's average home value has jumped $338,000 - or 32 per cent - in four years, according to new council valuations out today.

According to the council, Waiheke Island residents pay the highest local government charges as a percentage of household income, with rates and water bills adding up to 4.77 per cent of the island's typical $81,744 income. Howick residents face the next highest bills with rates and water adding up to 3.83 per cent of the area's typical $112,528 income. While Aotea-Great Barrier Island and Henderson-Massey local board area owners face the stiffest rise in rates bills by percentage, owners in the Maungakiekie-Tamaki local board face the biggest dollar value rise in rates. Owners in Orakei will pay the largest rates bills overall as they face a 4.8 per cent increase to an annual bill of $5169. Herne Bay homes now have an average CV of $3.8m - a $1m jump compared to the average 2017 CV in the suburb. Overall, Auckland's more than 590,000 residential and commercial properties rose by 34 per cent in value according to the latest CVs. Overall, apartment CVs across the city rose 8 per cent, flats rose 27 per cent and stand-alone homes and townhouses rose 34 per cent, Auckland Council said. House prices in the suburb where many new homes are being built jumped 57 per cent to hit an average CV of $950,997. CVs are a major source of fascination for property-mad Aucklanders and involve Auckland Council estimating the value of every residential and commercial property in the region. A typical home in the northern beach suburb now has a $2.64 million CV - up 58 per cent or $969,714 in the four years between the calculation of new CVs as at June last year and previous CVs in July 2017. And although property owners might be happy at rising house values, they'll now also be paying an estimated average 6 per cent more to Auckland Council in annual rates after charges went up across most of the city. In terms of rates, owners in Aotea-Great Barrier Island and West Auckland's Henderson-Massey face the biggest jumps.

Auckland property values soar by up to 59 percent (RNZ)

Aucklanders can see their updated property values from today, with homes in Great Barrier Island soaring by 59 percent.

And so the final form of the water reforms will then affect what the council does with its various funding instruments for stormwater." Group Treasurer John Bishop explains that percentage increases aren't the only consideration. It's usually every three years but was deferred in 2020 due to Covid-19 uncertainty.