Auckland rates hike
Although the average increase is 9.9% resident rates rise will work out at $214 for the average household, about 34,000 households will pay may more $500 and that 9000 of those will face increases of more than $1000.
The average increase for businesses is 1.4%, and rates will decrease 9.7% on average for farms and lifestyle property owners.
They include the general rate, targeted rate, lowering of the business rate, new property valuations and the final step to move to a single rating system for the Super City.
A combination of these factors have led to rates increases of more than 10% for about 126,000 households and more than 20% for about 30,000 households.
Next year, the average rates increase for residential properties will be 3.7%, and between 3.7% and 4% thereafter for the following 10 years. From this year, rates will be calculated the same way across the Auckland region, and rates are no longer capped as they previously were for some households.
Are you eligible for a rebate? Find out here: http://www.dia.govt.nz/web/submitforms.nsf/RatesRebateCalc?OpenForm