Land Valuation Tribunal of New Zealand Issues Decision on Tauranga Property Valuation

Strategic Insights -

The Land Valuation Tribunal of New Zealand has made a decision regarding the valuation of a property at 107A Simpson Road, Papamoa Beach, Tauranga. The tribunal's chairperson, MJL Dickey, has determined the valuation of the property as at 1 May 2023 to be $1,850,000, comprising $575,000 in land value and $1,275,000 in value of improvements. This determination was made after the objectors, Lynette and Michael Power, reached an agreement with the Tauranga City Council on the valuation.

Key Takeaways:

  • The valuation of the property at 107A Simpson Road, Papamoa Beach, Tauranga as at 1 May 2023 is $1,850,000, comprising $575,000 in land value and $1,275,000 in value of improvements.
  • The objectors, Lynette and Michael Power, and the Tauranga City Council reached an agreement on the valuation, with the council confirming that the district valuation roll has been updated accordingly.
  • The Tribunal's chairperson, MJL Dickey, was satisfied with the explanation provided by Opteon, an adviser to the Council, for the change in values, which took into account comparable sales in the area.
  • The onus of proof lies with the objector, with the burden imposed being the persuasion burden, and in this case, the parties agreed on the valuation, making it unnecessary for the objectors to prove their valuation is preferred over the Council's.
  • The agreed valuation comes into effect from 30 June 2024, as stated in the joint memorandum of the parties dated 28 April 2025.

Statistics:

  • The valuation of the property at 107A Simpson Road, Papamoa Beach, Tauranga is $1,850,000.
  • The land value of the property is $575,000.
  • The value of improvements on the property is $1,275,000.
  • The comparable sales in the area, as mentioned in the report, had a value range of between $1,650,000 and $1,995,000.
  • The sale of 608A Papamoa Beach Road was used as a reference for the upper valuation limit, and the sale of 822A Papamoa Beach Road was used as a reference for the lower valuation limit.

Sources:

  • [2025] NZLVT 024 - Land Valuation Tribunal at Auckland, Decision of Judge MJL Dickey.
  • Valuation reference TCC06942/10402.