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What will your rates be?

Changes to your rates are influenced by two factors: the average proposed rates increase, and any movement in the value of your property.

What is the rates impact?

This year we are considering an average rate increase of 8.6 per cent. This is well above the 3.74 percent forecast in the 2021–31 Long-term Plan, which was calculated when post-pandemic challenges were unknown and inflation was tracking a lot lower.

Inflation is now considerably higher, sitting at around 7 percent and two of our key rates drivers, depreciation and interest, were alone contributing an average 7 percent to rates. This makes delivering the forecast rate increase impossible without significantly altering Council services and functions.

The proposals will result in a total rates increase for the average value property of 8.6 percent or $305 a year (around $5.86 a week).

The overall impact on individual ratepayers will vary. You can check out the proposed rates for your property at www.taupo.govt.nz/ratessearch.

Proposed rates increase.

Revaluation

Every three years, by law Council must engage a valuer to assess properties in the district, which makes sure property rates are set fairly. Property revaluations don’t affect the overall amount of money we collect from rates but it does adjust the share that everybody pays. For example, residential ratepayers on average will have a greater increase than other ratepayers in the 2023-24 rating year, due to a higher change in value between 2019 and 2022.

Some properties will see a higher percentage increase in their rates than the average 8.6 percent forecast rates increase.

This is because some properties have increased in value more than the average across the district. On the other hand, properties that have increased in value less than the average will see a lower percentage increase in their rates.

Check proposed rates for your property

The proposals will result in a total rates increase for the average value property of 8.6 percent or $305 a year (around $5.86 a week).

The overall impact on individual ratepayers will vary.

Check your rates

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