Wellington homeowners receive notices showing average 24 per cent valuation drop
Wednesday 19 February 2025 · 2 outlets · 2 reports · updated In this story Cotality NZ, Kelvin Davidson
Wellington residents have begun receiving new rating valuations showing an average decrease of 24 per cent. While property values have fallen, economists say this does not necessarily mean council rates will decrease, as valuations are used to allocate rates across the region.
