|You can now check the results of the latest round of property revaluations.|
Figures released by Quotable Value (QV) show house values across the Kapiti district have risen an average of 29.1% in the last three years. The average house price in Kapiti is now $711,465, up from $541,000 in 2017.
The rateable value of a property does not mean an equivalent rates increase for that property. Valuations are one of the factors that determine how rates are allocated across the district, with a combination of land value, capital value and fixed charges playing a part. Differential rates are applied in some cases.
QV will be sending letters to property owners this week showing their new valuations.