Auckland property revaluations 2025

The story so far

Auckland Council planned to release new valuations for about 630,000 properties in the week of 9 June, and these would be used to set rates.^{20 May 2025} The released residential capital valuations fell by an average of 9 per cent, based on May 2024 market trends, with declines of about 14 per cent near the city centre.^{9, 10 Jun 2025} Valuations varied widely across the region, with Aotea Great Barrier Island rising 38 per cent and Muriwai rising 12 per cent.^{10, 11 Jun 2025} The council proposed a 5.8 per cent rates increase despite the lower values, and Mayor Wayne Brown said this was the lowest among major New Zealand cities.^{9, 10 Jun 2025} Auckland Council later confirmed the 5.8 per cent increase for 2025/2026, which equates to about $223 a year for an average residential property.^{26 Jun 2025}

What's next

Formal valuation notices were to be sent from the Friday after release, and property owners can object to their new valuations.^{20 May 2025; 10 Jun 2025} The rates increase is set to take effect from 1 July.^{9 Jun 2025}

Key moments

1. 20 May 2025Council announces new valuations for about 630,000 properties, with a proposed 5.8% rates rise.
2. 9 Jun 2025Residential capital valuations released, showing an average drop of 9% across Auckland.
3. 10 Jun 2025Properties near the city centre show declines of about 14%; formal notices to follow.
4. 10 Jun 2025Aotea Great Barrier Island values rise 38%; mayor says rates rise is lowest among major cities.
5. 11 Jun 2025Muriwai valuations rise 12%, against the Auckland-wide average decline of 9%.
6. 26 Jun 2025Council confirms 5.8% rates increase for 2025/2026, about $223 a year for average home.

Written from the stories below; each sentence links to its sources.