Funding Impact Statement Triennial Revaluation Movements 1.07.17 1.07.14 1.07.11 The Marlborough District was revalued by Quotable Value Ltd on 1 July 2017. The new General Rural – Homestay/Farmstay 4.03% (11.66%) - values apply from the 2018-19 rating year, as from 1 July 2018. General Rural - Total 16.42% 2.40% (18.13%) With the exception of the Wairau Valley River Rates and the Kenepuru Road Rate, all Sounds Admin Rural - Residential/Rural (0.43%) (16.23%) (21.97%) other rates levied on property values are based on Land Value (LV). Sounds Admin Rural - 0.06% (16.14%) (23.55%) Land Value percentage increase (decrease) movements for the six geographic rating Commercial/Industrial areas, the district at large and their differential rating groups for the triennial revaluation Sounds Admin Rural – 0.0% (25.40%) - on 1 July 2017 were: Homestay/Farmstay (The previous revaluation movements as at 1 July 2014 and 1 July 2011 are shown Sounds Admin Rural - Total (0.41%) (16.24%) (22.01%) alongside). Utilities Total 0.0% 0.0% 1.07.17 1.07.14 1.07.11 District-wide - Residential/Rural 22.03% 6.24% (22.30%) Blenheim - Residential/Rural 15.06% 9.62% (14.24%) District-wide - Commercial/Industrial 13.68% 4.72% (11.49%) Blenheim - Commercial/Industrial 15.57% 7.73% (8.51%) District-wide – Homestay/Farmstay 14.44% 4.93% - Blenheim – Homestay/Farmstay 15.25% 9.58% - Utilities 0.0% 0.0% Blenheim - Total 15.14% 9.31% (13.33%) District-wide - Total 21.45% 6.13% (21.64%) Blenheim Vicinity - Residential/Rural 38.14% 16.45% (33.53%) Blenheim Vicinity - Commercial/Industrial 18.85% 6.12% (16.31%) The following is a summary of the 2017 revaluation movements for each of Council's Blenheim Vicinity – Homestay/Farmstay 16.94% 14.13% geographic and differential rating areas: - Blenheim Vicinity - Total 37.58% 16.15% (33.15%) Rating Area Average Average Picton - Residential/Rural 25.47% (3.21%) (16.31%) Land Value Capital Value Movement Movement Picton - Commercial/Industrial 7.12% 2.62% (11.53%) Blenheim Residential/Rural 15.06% 25.32% Picton – Homestay/Farmstay 28.38% (3.73%) - Blenheim Commercial/Industrial 15.57% 11.43% Picton - Total 21.88% (2.13%) (15.44%) Blenheim – Homestay/Farmstay 15.25% 6.24% Picton Vicinity - Residential/Rural 7.41% (8.58%) (12.95%) Blenheim Vicinity – Residential/Rural 38.14% 40.86% Picton Vicinity - Commercial/Industrial 1.71% (1.06%) (21.70%) Blenheim Vicinity – Commercial/Industrial 18.85% 9.11% Picton Vicinity – Homestay/Farmstay - (0.00%) - Blenheim Vicinity – Homestay/Farmstay 16.94% 15.70% Picton Vicinity - Total 7.23% (8.34%) (13.24%) Picton Residential/Rural 25.47% 27.37% General Rural - Residential/Rural 16.57% 2.63% (18.08%) Picton Commercial/Industrial 7.12% 12.93% General Rural - Commercial/Industrial 6.63% (10.72%) (21.12%) Picton – Homestay/Farmstay 28.38% 44.32% 2018-2028 Long Term Plan Page 289