Property Details
Valuation No.
18030-52800
Location
160 State Highway 2, Masterton
Legal Description
LOT 2 DP 547173 PT LOT 1 DP 10433 LOT 4 DP 987
Certificate of Title
935347 72548
Ward No.
2
Zone
7A
Use
71
Category
IHP
TORAS
121000
Property Area (hectares)
2.9203
Current Rating Valuation
As valued at 1 September 2023
Land Value
$1,700,000
Improvements Value
$3,760,000
Capital Value
$5,460,000
Nature of Improvements
New Rating Valuation
As valued at 1 September 2023
New Land Value
$1,700,000
New Improvements Value
$3,760,000
New Capital Value
$5,460,000
Rates Information
Current Rating Year
2024/2025
Current Year Rates Instalments
Instalment 1.
$13,319.80
Instalment 2.
$13,319.70
Instalment 3.
$13,319.80
Instalment 4.
$13,319.70
Current Year's Rates
$53,279.00
Previous Year's Rates
$48,380.00
Rates for Next Year 2025/2026
| Type | Description (Basis) | Factor | Rate | Estimated Amt | |
|---|---|---|---|---|---|
| 002 | Roading rate (L) | 1,700,000.00 | 0.003072 | $5,222.40 | |
| 017 | Civic Amenities rate (C) | 5,460,000.00 | 0.001364 | $7,447.44 | |
| 027 | Urban Wastewater rate (C) | 5,460,000.00 | 0.001968 | $10,745.28 | |
| 032 | Sundry Facilities rate (C) | 5,460,000.00 | 0.000976 | $5,328.96 | |
| 042 | Water rate (C) | 5,460,000.00 | 0.001378 | $7,523.88 | |
| 047 | Annual charge () | 1.00 | 575.00 | $575.00 | |
| 057 | Roading charge () | 1.00 | 99.00 | $99.00 | |
| 062 | Recycling Collection charge () | 1.00 | 104.00 | $104.00 | |
| 067 | Water Supply charge () | 1.00 | 190.00 | $190.00 | |
| 071 | Urban Wastewater charge () | 1.00 | 277.00 | $277.00 | |
| 087 | GWRC General (C) | 5,460,000.00 | 0.0005127 | $2,799.34 | |
| 092 | GWRC Public Transport (C) | 5,460,000.00 | 0.0006362 | $3,473.65 | |
| 097 | GWRC Stadium Purposes (C) | 5,460,000.00 | 0.0000009 | $4.91 | |
| 102 | GWRC Wellington Regional Economic Development (C) | 5,460,000.00 | 0.0000699 | $381.65 | |
| 112 | Representation & Development (C) | 5,460,000.00 | 0.000882 | $4,815.72 | |
| 122 | Regulatory Services rate (C) | 5,460,000.00 | 0.001288 | $7,032.48 | |
| 201 | GWRC Te Kauru River Management (C) | 5,460,000.00 | 0.0000717 | $391.48 | |
| Total | $56,412.20 | ||||
History
| Year | Land Value | Capital Value | Annual Rates |
|---|---|---|---|
| 2023/2024 | $850,000 | $4,710,000 | $48,380.00 |
| 2022/2023 | $850,000 | $4,710,000 | $44,966.00 |
| 2021/2022 | $850,000 | $4,710,000 | $41,661.80 |
| 2020/2021 | $610,000 | $3,420,000 | $40,966.10 |
| 2019/2020 | $790,000 | $3,420,000 | $40,798.70 |
| 2018/2019 | $790,000 | $3,420,000 | $39,207.00 |
| 2017/2018 | $670,000 | $3,200,000 | $39,695.50 |
| 2016/2017 | $670,000 | $3,200,000 | $38,352.20 |
| 2015/2016 | $670,000 | $3,200,000 | $37,095.50 |
| 2014/2015 | $665,000 | $3,400,000 | $37,439.90 |