Property Management

ARC turns down rates reform call

The Auckland Regional Council has voted to stick with the same rating system that hit households with increases as high as 657 per cent last year.

Monday, March 29th 2004

Councillors, who face the polls in seven months, yesterday voted 7-5 to keep the status quo after promising a review in the face of a ratepayer revolt. The boundaries for the public transport rate will not change either.

The ARC has now twice rejected the idea of introducing a business differential leading to lower rates for households.

Charging businesses 1 1/2 times the residential rate would have saved nearly 300,000 households between $5 and more than $500.

Instead, the council is planning to raise rates by 3.2 per cent. The public will have the opportunity to make submissions on the rates increase, including options for a business differential, from April 5 to May 3. Last year, councillors ignored most submissions and introduced the system, with strong backing from business.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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