How the Annual Budget 2023/2024 will affect your rates
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We are proposing a package of budget changes that will result in a total rates increase for the average value residential property of 4.66 per cent or $154 a year (around $3 a week).
To help with the budget challenge, the average increase in general rates across all existing properties is proposed to be 7.0 per cent in 2023/2024 rather than the 3.5 per cent set out in the 10-Year Budget 2021-2031.
To help manage the impact of the general rates increase (i.e. reduce the increase for the average value residential property) we are also proposing additional changes to our current rates charges.
The overall impact of our proposals on individual ratepayers will vary. For the average value residential property, this is very close to the previously planned 4.6 per cent total rates increase.
We are proposing a package of budget changes that will result in a total rates increase for the average value residential property of 4.66 per cent or $154 a year (around $3 a week).
To help with the budget challenge, the average increase in general rates across all existing properties is proposed to be 7.0 per cent in 2023/2024 rather than the 3.5 per cent set out in the 10-Year Budget 2021-2031.
To help manage the impact of the general rates increase (i.e. reduce the increase for the average value residential property) we are also proposing additional changes to our current rates charges.
The overall impact of our proposals on individual ratepayers will vary. For the average value residential property, this is very close to the previously planned 4.6 per cent total rates increase.
