Capital Values Review

Provisions in the Local Government (Rating) Act 2002 require local authorities to only maintain rating information that is required for setting and assessing rates.

This has the effect of leaving it to a council's discretion (subject to the Rating Valuation Rules) to determine whether capital values, land values and non-rateable property values will be maintained where they are not used for rating purposes.

Read the Local Government (Rating) Act 2000 on the New Zealand Legislation website.

Background

Up to 2002, the Rating Valuation Rules required local authorities to maintain capital values in their district valuation rolls, whether or not they are actually needed for the rating system currently in force in the district.