The RV of your property is only assessed ONCE every three years, so it’s extremely important that it’s correct! It’s also what buyers use as a guide when viewing properties for sale, so you want to ensure it reflects the value of your home.
Your RV will be assessed by a company called Quotable Value on behalf of Manawatu District Council. When your RV arrives, if it doesn’t accurately reflect your home’s value then you get one free opportunity to object. This must be done before 20 November 2019.
The best way to obtain an accurate assessment of your home's value is to get a Current Market Valuation (CMA) from a licensed Real Estate agent - you can then use this as a comparison.
SECURE YOUR FREE RV Appraisal NOW
Watson Integrity are offering FREE CMAs and advice on the RV process to all homeowners - with no obligation at all to sell. We can conduct a free market appraisal for you to use as a comparison against your new RV.
KEY dates - manawatu
- New RV Public Notice date: 2 October 2019
- Owners Notices Posted: 7 October 2019
- Last Day for Objections: 20 November 2019
Can I object to my new rateable value?
When your RV arrives, if it doesn't accurately reflect your home's value then you only get one free opportunity to object. This must be done before 20 November 2019.
You can make an objection online, or by a letter to Quotable Value. Your objection will need to include an estimate of what you believe the true value of your property is. This is where you can use a Watson Real Estate Current Market Appraisal (CMA) as your evidence. The agent who carries out your appraisal can you give you further advice on this.
How is my RV assessed?
Your RV is calculated by a valuer from Quotable Value who will use software to analyse recent sales and compare similar properties to determine your homes new value.
Because of the large number of properties in NZ its unlikely they will view your property in person. This is particularly relevant if you have done any renovations to improve your home over the last three years, as these may not be taken into account.
Download our free mini guide for more information on the RV process, including what to do if you disagree with your new value.
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