Will a GRV revaluation occur for regional properties in 2020?
Work on the regional revaluation program will be delayed by 12 months. Forty-one regional local government areas were due for updated valuations. Regional local governments will continue to levy rates based on the values previously determined and currently in force.
This is only one factor used in the calculation of rates notices. Other factors that influence the amount payable on your rates notice are the Local Council’s rate in the dollar and council levies, which can vary each year.
For more information about how your rates are calculated view the video below: