This is higher than the 7.8% we signalled for Year 2 in the Long-Term Plan. However, not everyone’s rates will increase by this amount. How much you pay depends on a number of things, such as:
To find out the rating valuation of your property, go to qv.co.nz and enter your property address.
We estimate this will cost $70.6 million over the next financial year, made up of both operating expenditure (our day-to-day running costs), and capital expenditure (costs to improve services and facilities).
The chart on the left shows how this expenditure is spread across the different activities we undertake.
This year, however, we are using some reserves to help offset the general rate.
We use fees and charges to collect costs directly from individuals who use a specific service, for example acquiring a building consent or registering a dog. We also try to get grants and subsidies where we can – such as funding from Waka Kotahi for roading projects.
Finally we also have investments that give us a return, such as our forestry operations. All of this helps to reduce how much we need from rates and loans.
To view the list of proposed changes to fees and charges for the 22/23 Financial Year, see page 130 of the the draft Annual Plan document.