Land Valuation Tribunal of New Zealand Determines Rating Valuation Objection

Strategic Insights -

The Land Valuation Tribunal of New Zealand, led by Judge MJL Dickey, has issued a decision on the rating valuation objection filed by C & M Duncanson Family Trust against Tauranga City Council. The objection related to the valuation of the property at 54 Marine Parade, Mount Maunganui, Tauranga, which was revalued as at 1 May 2023. After the Council reviewed the valuation, the parties agreed to a new rating valuation for the property, with the agreed values coming into effect from 30 June 2024.

Key Takeaways:

  • The Land Valuation Tribunal determined the valuation of the property at 54 Marine Parade, Mount Maunganui, Tauranga, as at 1 May 2023, with a Capital Value of $890,000, a Land Value of $810,000, and a Value of Improvements of $80,000.
  • The Tribunal found that the previous valuation of the property was overstated, with comparable sales indicating a value range between $830,000 and $1,000,000.
  • The Tribunal accepted the parties' agreed values, with the Council confirming that the district valuation roll has been updated accordingly.
  • The onus of proof lies with the Objector, with the burden imposed being the persuasion burden, but in this case, the parties have agreed on the valuation, rendering this burden irrelevant.
  • The Land Valuation Tribunal is a specialist tribunal, with its primary task being to form a view as to the correct valuation.

Statistics:

  • The Capital Value of the property at 54 Marine Parade, Mount Maunganui, Tauranga, as at 1 May 2023, is $890,000.
  • The Land Value of the property at 54 Marine Parade, Mount Maunganui, Tauranga, as at 1 May 2023, is $810,000.
  • The Value of Improvements of the property at 54 Marine Parade, Mount Maunganui, Tauranga, as at 1 May 2023, is $80,000.
  • The value range of comparable sales in the area indicated a value range between $830,000 and $1,000,000.

Sources:

  • Land Valuation Tribunal of New Zealand (Decision, 29 May 2025)
  • CBRE Limited (Registered Valuation, 28/05/24)
  • Opteon (Valuation Report, date not specified)
  • Bottinga v Auckland Council [2017] NZLVT 11
  • Robinson v Whangarei District Council [2018] NZHC 182
  • Land Valuation Proceedings Act 1948