New property valuations
Christchurch’s new property valuations are set to be revealed by the end of this month.
Every three years, rates revaluations are carried out across Christchurch and Banks Peninsula to make sure rates are shared out fairly.
Christchurch City Council staff have 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 adopted Draft Annual Plan 2026/27, which goes 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 (see page 21), bringing the proposed average rates increase for the coming year to 7.95%.
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.
