Property Management

ARC votes to keep last year's rating system

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.

Sunday, April 18th 2004

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.

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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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