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Property Valuation in New Zealand
LINZ does not carry out property valuations itself, but is responsible for setting standards for rating valuations and undertaking compliance audits of local authorities.
Check property details before you buy
Prospective property buyers should get a valuation from an independent, registered valuer. Buyers can find out more about ownership in property titles and plans. Also check the Housing & Property resources listed on the New Zealand Government web portal.
Finding registered valuers
You may have to use a registered valuer if a full or current market valuation is required. Look for a registered valuer under "Valuers" in the Yellow Pages directory or the New Zealand Gazette: List of Public Valuers, 25 June 2013, Issue No. 82 The Property Institute of New Zealand also has links to contact registered valuers.
Registered valuers 82must be certified by the Valuers Registration Board. If they are actively valuing for the public, they require an annual practising certificate.
Complaints about a registered valuer’s work
If you are dissatisfied with the conduct of a registered valuer you can formally complain to the Valuers Registration Board.
When rating valuations occur
Local authorities carry out property valuations to help determine your annual property rates. Rating valuation notices and rates demands are issued by local authorities. Valuations occur at least every three years. Contact your local authority about their revaluation schedule or for your current rating valuation.
Maintaining rating valuation standards
Local authorities may contract a valuation service provider (VSP) to make and maintain rating valuations within their district. Find out more about the role of the Valuer-General in ensuring that valuations meet national standards in the audit of rating valuations.