Ever Objected.... to Council rates valuation????

[R650R]

Just wondering if anyone’s gone down this path and experiences of it.
I see the pros and cons eg lower rates vs value when selling (CV/QV affects what banks will lend).

Despite having recent flooding again (although my place ok), HNZ pepper spraying their investment portfolio everywhere, unsafe drinking water and drive by shootings/gang violence my CV/QV has risen from 395 to 550.
Couple years ago it went from 250 to 395.
“But oh we ain’t using it to rise rates” so rates went up by $300... so prob up $500 next time....

[Jeeper]

Banks don't use CV/GV for valuation and lending.

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[R650R]

Banks don't use CV/GV for valuation and lending.

Sent from my SM-N986B using Tapatalk

Maybe, always been a benchmark though of guaranteed lending if for whatever reason you were buying below the QV. Well when they were a bit more responsible with the Lolly scramble anyway

[FJRider]

Banks don't use CV/GV for valuation and lending.



Nor does it affect their existing loan repayments.

Few would argue a perceived increase in their property's market value.

A potential increase in the resale value of their property is always desired. Even if they have no (current) desire or intention to sell.

A bit like seeing a motorcycle on Trademe ... same make/model and km's as yours ... wanting a few thousand more than you paid for yours. And comments asking ... why so cheap and what's wrong with it.

[george formby]

We had a whinge last time the QV came in.

Had a visit from a chap who accepted our arguments and dropped the value. A bit.

Not intending selling in the near future and I doubt the QV has much impact in the current housing market.

Apparently our rates are a percentage of the land, not property, value.

[pritch]

Apparently our rates are a percentage of the land, not property, value.

The system has changed locally. The land value is a much higher percentage of the total than it used to be. Of course the rates are based on the land value so that doesn't exactly come as a shock.

[HenryDorsetCase]

When I rule you all (and I will) I will levy a poll tax for everyone EXCEPT landowners. Noblesse oblige, bitches.

[R650R]

When I rule you all (and I will) I will levy a poll tax for everyone EXCEPT landowners. Noblesse oblige, bitches.

Thank god the poms put there beers down long enough to scuttle the first attempt at that robbery...

But the banks will beat you to it Henry....coming soon the Financial Electronic Economy Tax.

Initially 0.3% to "save" the banks from the horrendous crippling costs of creating their product out of thin air, it won't be bad enough for people to protest.
Adrenaline and the greens will slip in some climate crap and so it's fair it taxes consumption at the source they will say, boom now 2%

You will feel the govt FEET everywhere you go....