The value of houses in some Auckland suburbs have changed dramatically, according to the council's latest valuation.
The Auckland Council has revalued 500,000 properties within its new boundary and will use the information to determine its rates for the three years from 2012.
Properties in the former Auckland City Council area show the largest growth, of about 5% on average.
Values in the suburbs of Grey Lynn and Westmere have risen by almost 18%, while the value of CBD properties have dropped nearly 5%.
The revaluation shows a decrease in all suburbs in the former Rodney district. The average drop is almost 8% and the range is 5% to 19%.
The new values will be audited by the Valuer General and ratepayers will have an opportunity to object.
Auckland Councillor Richard Northey says large increases in the value of some properties will not translate to hefty rate rises and people should not worry about a big bill next year.
Mr Northey says it is likely rates in the inner and western suburbs will rise slightly, but rates in Rodney will probably decrease.
"The work that's been done on the revaluations and the work that's being done on bringing all the ratings systems together indicates that it will be rare for anyone to have a major impact on their rates either way."
Mr Northey says any large rate rises would be introduced in stages.
Real-estate agents believe the revaluation will have little impact on house prices.
