Council updates, Housing  |  9h ago

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Christchurch's new property valuations are set to be revealed next month.

Rates revaluations make sure rates are shared out fairly across Christchurch and Banks Peninsula, and are carried out every three years.  

Christchurch City Council staff have today briefed the Mayor and councillors on the latest revaluation of properties, which show some significant differences between types of property – for example, commercial and industrial properties have increased in value by around 7.3% on average, while residential properties have gone up by around 1.8% on average. 

Changes in valuations do not affect the total amount of rates the Council collects, but do affect how they're shared out between property owners. 

The valuations are independently determined by Quotable Value Ltd (QV), based on relevant market sales across the district as at 1 August 2025, and audited by the Valuer General.   

The Council will weigh up these factors as they continue to build this year's Draft Annual Plan 2026/27, which is scheduled to go out for consultation from late February and outlines the activities, services and capital projects the Council proposes to deliver and how it will fund them, including the required rates.  

In December, the anticipated average rates increase was 8.32%. Staff have since done further work to drive that figure down, and at today’s briefing, advised councillors on options to reduce the proposed average rates increase for the coming year to 7.95%.  

Changes in valuations do not affect the total amount of rates the Council collects, but do affect how they're shared out between property owners. 

At this stage it is expected the new revaluations will be available on the Council’s website by the end of February, and emailed or posted to all ratepayers shortly after.