what is rv value
In Australia and New Zealand the rateable value (RV) is the value set by the local authority or council in order to determine rates for a property. The RV is also known as the capital value (CV) or the government valuation (GV) in New Zealand. In New Zealand, the RV doesnât usually take into account anything that makes a property better or worse than others in the area. For example, the condition of the house and land, chattels included or landscaping improvements.