Back to Media Releases
Rates Invoices Due Out This Week
Friday, 20 July 2012
This week the Waimakariri District Council sent out its first rates invoices since the change from a land-based to a capital-based rating system, approved in the Ten Year Plan by Council in June.
The Council’s Manager of Finance and Business Support, Jeff Millward, says that although the average rate rise, which applies across the District, is 5.1 per cent, there will be significant variations in that, from area to area and between individual properties. Included in the rates rises over the period of the Ten Year Plan is a provision for annual inflation of 3.1 per cent.
“Without spreading earthquake related costs over a longer period, ratepayers would have faced an average rate rise of approximately 11 per cent this year”, he says.
“Although the rating base has changed from land value to capital value, the property values used as a basis for charging a rate in the dollar for the 2012/2013 year will not change from those used for the past financial year (2011/2012) and these property values are based on a 2008 valuation”.
The first instalment of rates is due for payment by 20 August 2012 - those property owners who choose to pay a full year’s rates in advance will receive a discount.
Further information:
Jeff Millward
Manager Finance and Business Support
Phone: (03) 311 8900 or (03) 327 6834
Email: jeff.millward@wmk.govt.nz
Download PDF Version