By Martin Freeth
Many South Wairarapa households are paying substantially more in rates again this year under the impact of both a planned 37% hike in district council spending and a major redesign of the rating
system.
Rates for the first quarter of 2024-25 are due on 20 August – and for higher value households with all council services in Martinborough, Featherston or Greytown, the district council component of their bill is up another 18%-plus on last year.
For some, the increase is much higher – a $1.4 million property is, for example, paying 32% more this year.
On the flipside, in-town households with a lower capital value are paying only 2-6% more than last year and lower value commercial properties in the three towns are, in many cases, enjoying a rates reduction.
These changes all occur in the South Wairarapa District Council (SWDC) component of rates bills, before regional council rates are added — they’re changes that together become the SWDC’s declared 14.7% rates increase for 2024-25. That’s the so-called “combined effect” of the annual plan and budget adopted on 26 June.
The year’s 14.7% rise will add to South Wairarapa’s reputation for rates hikes among the highest in New Zealand. In fact, the district’s overall rates have risen solidly since 2020 and this year comes on top of SWDC’s 19.8% hit on ratepayers last year (2023-24). … Continue Reading
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