Capital value is the total value of the land including improvements. This is the probable price that would have been paid for the property if it had sold at the date of the last general valuation.

An estimation of a property's worth. Annual, capital and land valuation are used to calculate the annual rates for a property.

Definition

The annual value is based on the higher of the estimated gross annual rental income less 20 per cent (or 10 per cent for vacant land) or 5 per cent of the property's capital value. To assess the annual value we calculate the following: The first calculation estimates how much the property could be rented for in one year, minus 20 per cent to c [..]

Money that is owed and should have been paid earlier.

This is the rate account number as it appears on your invoice.

Business Improvement Districts (BIDs) are areas within Auckland where local businesses have agreed to work together, with support from the council, to improve their business environment and attract new businesses and customers. The funding for these initiatives comes from a BID targeted rate, which the businesses within a set boundary have voted fo [..]

A caveat is a document lodged on a property title that gives the caveator the opportunity to protect an existing right or condition. The property cannot be sold without the caveator being directly consulted.

Legal evidence showing ownership of property. It also describes the land and lists all easements, encumbrances, and consent notices on the title. Land Information New Zealand (LINZ) holds the title documents.

An extra service charge, e.g. a credit card service fee.