General Property Revaluations

A rating valuation is a three-yearly assessment of a property's value and is determined by house sale prices on a specific date. We use these valuations as a guide for setting your rates. 

You should know

Matamata-Piako property owners will be sent their updated property revaluation notices the second week of July, following the completion of the district’s 2024 revaluation. The new valuations are based on property values as at 1 July 2024 and have been used to help set rates from 1 July 2025.

If you disagree with the valuation of a property, you can lodge an objection. You have until 25 August to lodge an objection free of charge. 

Due to delays in the revaluation process, the objection period is longer than usual, running from Monday 7 July to Monday 25 August 2025. This is to give ratepayers time to review both their revaluation notice and their 2025/26 first instalment rates notice, which will arrive early August. You can find more information about how to object and access the blue 'Objection portal' button, below.  

Why we revalue properties

Revaluations are required by law and we do them because we want to set property rates fairly.

As property values are always moving we need to update our rates distribution to maintain fairness.

The aim of the general property revaluation is not to provide values for property owners to use for marketing, sales or any other purposes.

How often we revalue properties

The law requires all councils to revalue properties within their boundaries every three years. 

Properties in the Matamata-Piako District have been revalued as at 1 July 2024 for the purposes of setting the rates from 1 July 2025. 

How we calculate property values

Your rating value is prepared on behalf of Council by Opteon, an independent valuation service provider. Our valuers work with independent organisations to determine the values. The Valuer-General audits these values to ensure accuracy.

Factors they consider:

• Property type.
• Location.
• Land size.
• Zoning.
• Floor area.
• Consented work (renovations, new build, subdivisions etc.).

What a property value is made up of

Capital value (CV)

The most likely selling price at the date of valuation. It does not include chattels, stock, crops, machinery or trees. Residential values include GST, other property types do not.

The CV is also known as Government valuation (GV) or Rateable value (RV), and is the value of a property for rating purposes, not the current market value of your home. It should not be used for insurance purposes.

Land value (LV)

The most likely selling price of the bare land at the date of valuation. It includes any development work which may have been carried out, such as draining, excavation, filling, retaining walls, reclamation, grading, levelling, clearing of vegetation, fertility buildup, or protection from erosion or flooding.

Improvement value (IV)

This is the difference between the capital value and the land value. It reflects the value of the property's buildings and other structures.

The IV is not an assessment of the replacement cost and should not be used for insurance purposes.

Impact of a revaluation on property rates

A change in valuation does not necessarily mean a change in rates - the revaluation doesn't change the total amount of money that council collects across the district. Your rates will only be affected if your property value has increased or decreased significantly more or less than average.

Changes to property between revaluations

Valuation notices are also issued between revaluations when changes are made to properties, for example, if land is subdivided, or a building is built or demolished. If this happens, the values are back-dated to the date of the last general revaluation. This ensures Council and ratepayers are comparing apples with apples.

What if my property details are incorrect?

If your name has changed, address details are incorrect or you are no longer the owner/ratepayer of this property, please update your details by emailing This email address is being protected from spambots. You need JavaScript enabled to view it.

If you disagree with the valuation

The objection portal is open and available below from 7 July - 25 August 2025. If you disagree with the valuation of a property, you can lodge an objection. For the objection to be valid and considered it must be received by the valuer no later than 25 August 2025. 

An objection can result in an increase or decrease in the property's value. There is no guarantee that the capital value will be revised as a result of the objection.

The easiest way to lodge an objection is by clicking on the blue Objection Portal button below and following the prompts. 

Guide to objecting to the rating valuation of a property

To object to the 1 July 2024 property valuation, you must:
be the property owner or ratepayer
submit your objection by Monday 25 August 2025 (after which the objection will be processed at your cost)
provide a valid reason for your objection and provide enough information to support your application.

What can be objected to?

• Capital value: The overall market value of the property
• Land value: The value of the land itself, excluding improvements
• Improvement value: The value of any buildings or structures on the land
• Disagreement with the valuation's accuracy
• Belief that the valuation doesn't reflect the property's true market value
• Incorrect information on the valuation notice, such as property size or features.

Many factors affect the value of a property, such as its:

• age
• size
• construction
• location.

All properties, including leasehold properties, are valued as if they are freehold properties.

Correct other information on the valuation notice
If other information on your valuation notice is wrong (eg owners names, address details etc), you don’t need to lodge an objection – you can just let us know at This email address is being protected from spambots. You need JavaScript enabled to view it.

1. Before you start

We need to receive your objection before Monday 25 August 2025. Your 2025/26 rates assessment, will be sent out early August. This will give you time to review both your revaluation notice amount and the effect on your rates.

If you wish to lodge an objection for more than one property, you need to lodge these objections individually in the portal.

2. When lodging your objection online, you will need to include

• the reference number from your valuation notice
• the address of the property
• your estimate of what the capital value, land value and improvement value should be
• provide a valid reason as at 1 July 2024 for your objection and provide enough information to support your objection
• your name, postal address, and contact telephone number and email
• the capacity in which you are objecting (as owner, ratepayer, agent)
• if you are an agent, the name of the person you are representing. 

3. Lodge you objection

After you lodge an online objection, our valuers will email you an acknowledgment. One of our valuers will review your objection and may discuss it with you or inspect the property, if necessary.

This is part of the legislative process to ensure the values are as correct as possible. The process to lodge an objection is outlined on the back of the notice. 

Objection portal

Can I use this valuation to finance, sell or insure my property?

It is not the purpose of this revaluation to provide values for property owners to use for financing, marketing, sales, insurance or any other purposes. The values are as at 1 July 2024, so may no longer be current or relevant for any purpose other than calculating rates.

Privacy Act

The contents of your valuation notice are contained within the public register known as the District Valuation Roll, which is available for inspection by the public at Council Offices free of charge. The personal information MPDC holds relating to your ratepayer details is initially collected from the notice of sale information supplied by your conveyancing lawyer. You may have access to any information held about you and you may ask for any corrections to be made by emailing us at This email address is being protected from spambots. You need JavaScript enabled to view it. or going to the Customer Change of Details form.

General property revaluation