Property rating valuations
In this section
About rating valuations
A rating valuation is a three-yearly assessment of a property's value in relation to current market values – the latest one for Selwyn district is a snapshot of the market as at 1 September 2021.
Selwyn District Council contracts Quotable Value (QV) to value properties on its behalf.
A rating valuation is assigned to every property in New Zealand and is made up of:
- Capital Value (CV) - this is what your property is likely to have sold for at the date of the council’s last general valuation. It includes buildings and improvements. It does NOT include chattels, stock, crops, machinery or trees. The CV is also known as the Rateable Value (RV), and was previously known as the Government Valuation (GV).
- Land Value (LV) - this is the mostly likely selling price of bare land at valuation date. It includes drainage, excavation, filling, retaining walls, reclamation, grading, levelling, vegetation clearing, soil improvement, and protection from erosion or flooding. It does NOT include buildings.
- Value of Improvements (VI) - this is just the difference between the land value and the capital value. It’s important to note here it does not mean the replacement cost of buildings and services on a property. It reflects the value which buildings and improvements add to the bare land.
For more information on rating valuation, visit About Rating Valuations on QV’s website.
Your latest property valuation
You can check the latest valuation of your property by using our property search tool or search on Quotable Value website.