Rural Carterton ratepayers can expect an average rates rise of between 7.3 and 14 per cent, depending on their property’s rating category.
Meanwhile, urban ratepayers can expect an average rates increase of between 4.5 and 5.9 per cent.
The figures were released in Carterton District Council’s 2023-24 Draft Annual Plan consultation document.
Across the board, the average proposed rates increase is 6.2 per cent.
Although the draft plan doesn’t contain significant changes from Year Three of the 10 Year Plan, Carterton District Council is still open to receiving public feedback for consideration before finalising the plan in June.
Chief executive Geoff Hamilton said council officers have worked hard to deliver the plan as outlined in the 10 Year Plan, but increasing inflation across New Zealand has made it harder to deliver the outcomes of the plan within the same budget.
This means the average rating increase when the draft plan is finalised is indicated to be 6.2 per cent, as opposed to the 4 per cent increase previously outlined in the 10 Year Plan.
“The average inflation in New Zealand increased by 7.2 per cent last December, and we see businesses and organisations all across the country affected by this,” Hamilton said.
Carterton low-value residential ratepayers can expect an average rates increase of 4.5 per cent, bringing their yearly rates bill to $3875.48 [based on a property with a capital value of $325k and a land value of $185k].
Medium-value residential ratepayers can expect an average rates rise of 5.4 per cent, bringing their yearly rates bill to $4317.42 [based on a property with a capital value of $530k and a land value of $190k].
High-value residential ratepayers can expect an average rise of 5.9 per cent, bringing their bill to $4653.29 [based on a property with a capital value of $650k and a land value of $240k].
Commercial property owners can expect an average increase of 5.4 per cent, and commercial rural property owners will face an average rise of 3.4 per cent.
The largest rise is seen in the Rural 1 category, at 14 per cent.
This is based on a capital value of $7.16 million. The annual rates bill for this theoretical property would be $12,861.60.
Rural 2 category properties with a capital value of $2.07m would get an average rates rise of 12.6 per cent, bringing the yearly bill to $4559.08.
Rural residential properties of less than 0.75 hectares with a capital value of $510k would have a rates rise of 10 per cent, bringing the annual rates bill to $2014.50, and rural lifestyle properties with a capital value of $970k would have an average rise of 11.3 per cent, bringing the yearly bill to $2764.83. Rural properties serviced by a water race are rated separately.
Carterton District Council’s draft plan can be viewed online at cdc.govt.nz/annualplan with feedback open until May 15. Feedback can be emailed to [email protected].
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