Kāpiti Coast has experienced considerable growth in recent years. Photo: 123RF
Kāpiti Coast residents may see a rates hike as Quotable Value sends out its revaluation letters to property owners.
The QV revaluation shows that residential property values have risen across the Kāpiti Coast district in the last three years by an average of 12 percent.
This compares to an average rise of 29 percent in the three years to 2020.
Kāpiti Coast District mayor Janet Holborow said changes in property values would mean different things for different people.
"This change could be great news, not so great or of little consequence."
Group manager for corporate services Mark de Haast said the council understood that revaluations could make property owners nervous about changes in rates.
"We know a rise in property value doesn't suddenly mean a rise in the spending money people have available to them."
But he said an increase in property value did not guarantee an increase in rates.
If the revaluation was larger than the average increase, the property's rates increase would be slightly higher than average.
Conversely, if the increase in values was lower than average, the rates increase would be slightly lower than average.
De Haast said revaluation helped work out everyone's share of the rates, "but it doesn't increase the total amount of rates we collect".
If owners did not agree with their rating valuation, they had the right to object before 14 December 2023.
