Will Auckland rates rise?

[surfbluedog]

With new valuations coming in, and expected to be much higher than last time, surely this will mean all our rates will be going up?

[eri]

rates will rise anyway, average 2.5% this year, possibly up to 10?% next year

but that's an average over the city

rates are a 'share' of the cost of running the city

if every property rose 100% in CV then every rates rise would be 2.5% this year

but the rises won't all be the same

it looks like manukau bridge? CVs might rise by the highest at 80%?

while remuera rates may rise by the lowest? at 50%?

with the average across auckland being 70%

in that case a typical manukau bridge rates bill may rise by 10%?+2.5% =12.5%

whereas remuera may rise by -1%?+2.5% =1.5%

[Dunning]

From my current rates bill the CV is a factor in only the "General Rate" portion of the bill. It makes up around half of the total bill(depending on the property).
Other items are:
Interim Transport Levy
Uniform Annual
Waste Management


The current multiplier on the "General Rate" is CV* 0.00259753


I am guessing that the CV will increase,(kinda a given)and that the multiplier will decrease(but not by as much). End result being that this portion of the rates bill will increase.

I am also expecting the other items to increase too.


The overall impact I expect is an increase in rates of 5% despite the 2.5% that the council is spouting.

[Wayne]

I am guessing that the CV will increase,(kinda a given)and that the multiplier will decrease(but not by as much). End result being that this portion of the rates bill will increase.

I am also expecting the other items to increase too.


The overall impact I expect is an increase in rates of 5% despite the 2.5% that the council is spouting.

If your CV go up by more than the city average you will have a greater than average rates increase.
It all depends on how your value changes compared to the average - the same rates demand pool is distributed between all the city rate payers - the council doesn't get more money as a result of a revaluation.

[surfbluedog]

If your CV go up by more than the city average you will have a greater than average rates increase.
It all depends on how your value changes compared to the average - the same rates demand pool is distributed between all the city rate payers - the council doesn't get more money as a result of a revaluation.

Thanks. This makes more sense.

[north shore]

Herald had a good article this morning:

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11944784

I liked the bit about the transport levy coming off the most

[flyernzl]

Will Auckland rates rise?

Yes

[Davo36]

Yes, always yes.