Rating Value vs Market Value

A council rating value and an estimate of what a property could sell for answer different questions. A rating value is prepared for rating purposes on a set valuation date. A market appraisal considers current market evidence for a possible sale. Neither is a guaranteed sale price.

Nelson City rating values

Nelson City Council says its latest rating values took effect on 1 September 2024. These values are used for rates until 1 July 2028, with the next revaluation scheduled for 1 September 2027. Check the Council’s current rating valuation information for your property and for any later updates.

Tasman District rating values

Tasman District Council’s latest district revaluation took effect on 1 September 2023. The Council explains that rating valuations are prepared to help allocate rates and do not necessarily represent the current market value of an individual property. Read the Council’s rating valuation guidance and use its property-specific information for the current record.

What a market appraisal tells you

A real estate salesperson’s appraisal is an estimate prepared for a proposed sale using relevant comparable sales and other market information. It is not a registered valuation, and it does not guarantee what a buyer will pay. The Real Estate Authority explains what an appraisal should contain in its appraisal guidance.

When you may need a registered valuation

A registered valuation is prepared by a registered valuer for a particular purpose and may be required by a lender, lawyer, court or other decision-maker. Ask the person requesting it what kind of valuation they need. A rating value or sales appraisal may not meet that requirement.

Questions to ask

• What is the valuation date, and what purpose was the figure prepared for?
• Which recent comparable sales and property details were considered?
• Have changes, consents, condition or title details been checked?
• Do I need independent advice or a registered valuation for my decision?

If you are considering a sale, request an appraisal from Ray White Richmond and ask how the evidence relates to your property. You can also review recent sold properties and meet the Richmond team.