When Are Rateable Values Updated?

The VOA regularly reassess and update the rateable values of all business properties usually every five years. This is called a Revaluation. This is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market.

How often are rateable values reviewed?

How often we revalue properties in Auckland. The law requires all councils to revalue properties within their boundaries every three years.

How often are business rates reviewed?

At revaluation, the Valuation Office Agency ( VOA ) adjusts the rateable value of business properties to reflect changes in the property market. It usually happens every 5 years.