Rating value vs market value

Rating value, a real-estate appraisal and a registered valuation are different assessments. Before relying on a figure, check who prepared it, the purpose, the date and the information used.

Kaipara rating valuation

Kaipara District Council’s valuation information is used for rating purposes. The Council lists the district valuation’s effective date as 1 September 2023 and its certification and implementation dates as 23 January 2024. These dates matter: an older rating valuation is not a current market appraisal and does not promise a selling price. Check the individual property record and current council information at My Property and the revaluation page.

Real-estate market appraisal

An agent’s appraisal is an opinion based on available property information, relevant comparable sales and market conditions. It can help an owner consider a sale plan, but it is not an independent registered valuation. Ask which completed sales were considered, what differences matter and which assumptions could change the view. The Real Estate Authority explains agent appraisal responsibilities.

Registered valuation

A registered valuer provides an independent professional valuation for a defined purpose and scope. A lender, court or other organisation may require a particular kind. Check the requirement with that organisation and engage an appropriately qualified valuer.

Why the numbers may differ

Each assessment can use a different date, purpose and evidence. Property condition, improvements, location, land, services and market changes may affect the comparison. A rating valuation, appraisal or registered valuation does not guarantee what a buyer will pay. Ask the preparer to explain the limits and whether further property-specific checks are needed.

If you are considering a sale, request an appraisal to discuss current comparable sales and a proposed campaign. For a lending, legal or other formal purpose, confirm whether a registered valuation is required.