ARC votes to keep last year's rating system

Sunday 18 April 2004

The Auckland Regional Council proposes the same rating system this year as that which brought households increases as high as 657 per cent last year.

By The Landlord

But the outcry over last year's rates bills has created an opening for change - to a system that promises to ease the ratepayer's burden.

Councillors last month voted 7-5 to keep the present system, which indicates an average 3.2 per cent increase in rates for the region's 460,000 rateable properties.

But councillors face an election in six months and preference for the status quo will be severely tested by the time they meet late next month to approve the annual plan and strike the final rate for the year.


All councillors are happy that four rating system choices are put up for public comment as part of the draft annual plan consultation.

Property owners are invited to comment by May 3.

Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer