Waitomo rates decision made
26 May 2020, 12:00 PM
Waitomo District Council (WDC) councillors have decreased rates for the coming year for more than half of properties in the district.
While some residential properties will see a rates reduction of more than 10 per cent, a number of commercial, industrial and farming properties will see rates go up.
WDC will collect an additional $316,000 in rates revenue in the 2020/21 year. Residential properties on average will pay lower rates and commercial, industrial and farming properties will see average annual increases of between 1.23 and 4.76 per cent.
Chief executive Chris Ryan said to pass on a rates decrease to more than half of our rate payers, especially during these uncertain times was “pleasing.”
Today’s decision means the council will maintain its agreed service levels for ratepayers.
“We know the community relies on the services we provide and this became even more apparent during lockdown at Alert Level 4 and 3, so to continue to maintain these levels is good news,” Ryan said.
Initially the council’s long term plan forecasted rates to increase on average by 2.2 percent. A revised budget was presented in February which saw this figure reduced to 1.54 percent.
Ratepayers will be notified of their new rates in July.
A snapshot of figures:
· 85% of residential properties will see a reduction
· 52.9% of properties will see a rates reduction
· 1.54% average rate rise across the district
· 1.61% average reduction for residential properties
· 1.23% average increase for commercial properties
· 4.76% average increase for dairy properties
· 4.74% average increase for pastoral properties
Residential properties (typical properties)
· Maniati/Benneydale 10.2% reduction
· Piopio 7.9% reduction
· Mokau 4.1% reduction
· Te Waitere 4% reduction
· Te Kuiti 0.6% reduction
Yvette Ronaldson - Leader Communications and Engagement
Mobile: 027 216 1432