Billing by Rateable Value

If you’re not on a water meter, it’s likely that you’re billed according to your property’s Rateable value.

Rateable Value is a fixed amount, assessed and set District Valuer’s office of the Inland Revenue between 1963 and 1990. Each property built before 1990 has a Rateable Value.

The Rateable Value was based on the size and condition of the home, and the availability of local services, and other factors like the view from the property.

They were an assessment of the annual rental value of a property and helped local councils calculate the amount of local tax a household would pay.

The way local taxes were calculated changed in 1990, and Rateable Value was no longer used. This means that any changes to the property since then will not be taken into account.

This can include changes like: