The objection period for the 2021 citywide reassessment ends Friday, March 25.
Every three years, councils must reassess all properties in their localities for rating purposes. Tauranga owners received their new assessment notices in early February 2022.
The new capital values reflect what each property could have sold as of July 1, 2021, excluding chattels. Independent appraisal company Opteon establishes these values using mass appraisal techniques – recent property sales data, resource/building clearance data and sample inspections.
If the owners believe that their new assessment does not reflect the value of their property on July 1, 2021, they have one week left to object online at www.tauranga.govt.nz/revaluation, by e-mail or by post. The deadline for objections is Friday, March 25, 2022.
Opteon will review all objections and evidence by June 30, 2022, domain by domain. The new rating values will be used to calculate everyone’s rate share from July 1, 2022, once the board’s budget for 2022/23 has been set as part of the annual plan process.
Note: as part of the consultation on the draft annual plan (opening on March 25), taxpayers will have access to an online calculator which will give them an estimate of their rates for next year, based on their new rating assessment and draft budget 2022/23.
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