Post Featured Image

Crikey! Rateable values for Upper Hutt show an average 19 per cent increase!

The ratings measure used by Upper Hutt City Council takes into account both the value of the land and the value of improvements (such as houses and garages) but does not include removable fixtures and chattels, such as curtains or appliances.

Upper Hutt City Council and Greater Wellington Regional Council will start using the new values for its rates determinations from July 1 next year.

Home owners will be sent a letter notifying them of the new rating value of their property from October 17.

Congratulations Upper Hutt homeowners - your properties are now worth about 19 per cent more on average than they were three years ago.

Rating values commissioned by Upper Hutt City Council for setting rates over the next three years have been released by ratings agency QV.

The figures reveal Upper Hutt property values have surged in the past three years, with average values in some suburbs increasing by more than a quarter.

Heretaunga has the highest average values in the city, up 11.7 per cent since 2013 to $585,000.

At the other end of the scale are Te Marua and The Plateau, with the lowest average values of $381,000, which still represent an increase of 10.3 per cent since 2013.

The largest gains have been in Clouston Park and Maoribank, where the average value has increased by 25.4 per cent to $411,000.

Gains have been smaller in the rural valleys, with average ratings values for rural and lifestyle properties increasing by just 8 per cent to $726,000.

Source - Stuff.co.nz


No comments (Add your own)

Add a New Comment


code
 

Comment Guidelines: No HTML is allowed. Off-topic or inappropriate comments will be edited or deleted. Thanks.