Ask Barry – the destination for expert guidance & your questions for all things Real Estate
Ask Barry – the destination for expert guidance & your questions for all things Real Estate


Property Brokers  Wednesday, July 18th
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QV (Quotable Value Ltd) is one of the valuation service providers in New Zealand that your local council will use to assess the Rating Value (RV) for your home. It is this figure which your local authority uses to calculate the amount of rates you will pay. Most councils will re-evaluate every 3 years.

The overall Rating Value (RV) is made up of:

• Land Value (LV) this being the likely price the land (minus buildings) would sell for at the time of valuation.

• Improvements Value – this is the value of the buildings & improvements that have been added to the land. (this figure however does not include chattels)

• Capital Value (CV) this is the combined value of both land & improvement values.

An important note is the Rateable value (RV) is merely a figure for the purpose of local authority rates and bears no reflection on the overall Market Value, what a house will actually sell for.
Feel free to message or call if you have any real estate questions.

Cheers Barry

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