New Valuations
Prior to Gabrielle property valuations were increasing as fast as a nascar and people were overcome with excitement as dreams dominated.
The way to becoming rich and too bad if you missed out on the ladder millions here we come.
Post Gabrielle as furrowed brows perused the rates bill , the valuation didn't look so good.
Properties swamped. Properties demolished . Land smothered in sucking silt and the valuations stayed the same.
It was good and it was bad.
Let's play a game. How much is a property worth? Do the valuers know? They did on the way up but what about on the way down?
Council told the drowned populace they couldn't change the valuations so the rates had to stay the same.
With valuations being carried out every three years residents were caught between showers.
At least one council made a quick decision and allowed affected ratepayers two years rate free. The main culprit however dug their heels in to the mud and would not budge. The council who bore the greatest responsibility for the community crushing event said look over there. We didn't see a thing and cough or else.
Come 2026 and the new valuations for the district arrive in the mail (remember letters, mail, postman) and with great trepidation envelopes are opened all over Hastings in anticipation of what??
Holy, moly.
Becoming rich really is a dream now. It appears valuations have taken a tumble and the implications will be significant for a host of ratepayers.
My own valuation is questionable given the restoration back to almost the same as before the flood.
It's going to take a while to evaluate this one.