New 2017 - What does it mean?
The elusive ‘capital value’, also known as ‘rateable value’, is that magical figure which lands in your letterbox every 3 years, estimating how much your house is worth. Since our properties are often our most valuable asset, it’s no wonder homeowners take notice. But how do they calculate the magical figure, and what does it mean for buyers, sellers and rate payers? With the upcoming revaluation in Auckland, how much should we be taking notice?