Ratepayers may be in for a 5% rates rise

Tuesday 6 April 2004

Whangarei district ratepayers could face a 5 per cent rates increase.

By The Landlord

The Whangarei District Council will be discussing this week whether to increase rates or increase the uniform annual general charge by $20 to cover the costs of major projects that are in the pipeline.

WDC administration and finance committee chairperson Robin Lieffering says the council needs to raise an extra $1.8 million this year if projects, such as the library, revamped swimming pool and new roading around the Town Basin and Dent Street area, are to go ahead.

However not all residents will pay higher rates as changes in property values mean some rates will decrease. Council's chosen option will go into the Long Term Council Community Plan, that lists all the things council plans to achieve over the next 10 years, for public consultation this month. Submissions will be heard in June and rates will be struck in July.

Read More - Opens in a new window
Commenting is closed

Property News

Major industrial development powers on

It’s full steam ahead for the Stevenson Group’s $800 million, 361-hectare industrial and residential development in South Auckland – despite the uncertainties of the post-Covid-19 era.

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.

Commercial

Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.

Mortgages

Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer