Photo: RNZ
Property owners in Wellington City will find out their rating valuations later than expected, with updates now due out in February rather than December.
They were due to be released this month, but there were some areas which did not have enough recent property sale data for vacant lots to enable a quick decision.
The Office of the Valuer General (OVG) - the government body that oversees all rating valuations - has given property and valuation service Quotable Value (QV) more time to finalise its ratings.
The council said in a statement the delay would ensure the valuations were "robust and comply with statutory standards", and QV operations manager James Wilson said it would ensure greater accuracy.
He said capital values, which represented the total value of properties, had faced no significant issues as properties with homes on them had been selling more frequently.
"We're taking a small amount of extra time to thoroughly review a number of values within Wellington city before resubmitting it for audit," he said.
"Due to OVG workloads, and with Christmas in the middle, that will not be until early next year now."
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