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Rates increases

#Post
1

Our rates went up 26% this year so extra $880 a year. Anyone else had big rates increases?

annie17111 - 2021-07-19 19:04:00
2

I have paid rates for 50 years and they keep going up

centaurus2 - 2021-07-19 19:06:00
3

I have been trying to tell everyone.

Ours are $4000 a year and I bet it will go up more so we can pay for our overpaid and underperforming CEO and his 7 deputies. ????

lakeview3 - 2021-07-19 20:53:00
4

Doesn't worry us now, sold off the rentals.

masturbidder - 2021-07-19 21:48:00
5

12% increase here

sarahb5 - 2021-07-19 22:05:00
6

5% or $115

ian1990 - 2021-07-19 23:04:00
7
lakeview3 wrote:

I have been trying to tell everyone.

Ours are $4000 a year and I bet it will go up more so we can pay for our overpaid and underperforming CEO and his 7 deputies. ????

Oh they sure have hiked them! They announced a 9.5% increase but I’ve seen the increases for half a dozen different houses across four different suburbs, they have all increased by 15-20%, seems pretty unlikely that it’s just a coincidence that those 6 properties just happen to all be well above average increases… either the announced 9.5% is BS or they’ve given the 7 deputy CEOs properties huge rate cuts to even things out!

rowlf - 2021-07-20 06:07:00
8
rowlf wrote:

Oh they sure have hiked them! They announced a 9.5% increase but I’ve seen the increases for half a dozen different houses across four different suburbs, they have all increased by 15-20%, seems pretty unlikely that it’s just a coincidence that those 6 properties just happen to all be well above average increases… either the announced 9.5% is BS or they’ve given the 7 deputy CEOs properties huge rate cuts to even things out!

nothing would surprise me, just like how there was nice quiet ashphalt put down outside a certain councillors house a few years back…..

To take a line from Muriels wedding……what a coincidence!

lakeview3 - 2021-07-20 06:54:00
9
masturbidder wrote:

Doesn'-
t worry us now, sold off the rentals.

can't exactly sell our house or we will have nowhere to live.

annie17111 - 2021-07-20 07:23:00
10

The member deleted this message.

andrew697 - 2021-07-20 09:46:00
11

It’s not just rates that increase annually.
Insurance and electricity are another couple of must haves that get more expensive the older I get.
The only thing I’ve seen reducing in costs over the past 50 years has been the banks interest rates...

lovelurking - 2021-07-20 10:06:00
12
lovelurking wrote:

It’s not just rates that increase annually.
Insurance and electricity are another couple of must haves that get more expensive the older I get.
The only thing I’ve seen reducing in costs over the past 50 years has been the banks interest rates...

Cars, clothing, shoes, electronic goods, overseas travel etc etc.

kestrel43 - 2021-07-20 11:28:00
13

If the value of a property goes up then surely the rates go up anyway without an actual rate increase, so a 9% increase on top of a value increase could be any amount of increase. 30 years ago I had my farm devalued by over half, but it's back up to where it was then again and possibly more.

bryalea - 2021-07-20 11:55:00
14
annie17111 wrote:

Our rates went up 26% this year so extra $880 a year. Anyone else had big rates increases?

If it was a rental that would be another $20pw added to the rent.

pcle - 2021-07-20 12:39:00
15
bryalea wrote:

If the value of a property goes up then surely the rates go up anyway without an actual rate increase,

Nope. Only if it goes up more than the average.

sparkychap - 2021-07-20 12:45:00
16

About 4% here a tad over $100 in total. Next year could be interesting properties are due to have the three yearly valuations done.

joanie04 - 2021-07-20 20:40:00
17
annie17111 wrote:

can't exactly sell our house or we will have nowhere to live.


You're not meant to live in them. They're an investment.

headcat - 2021-07-20 21:15:00
18
rowlf wrote:

Oh they sure have hiked them! They announced a 9.5% increase but I’ve seen the increases for half a dozen different houses across four different suburbs, they have all increased by 15-20%, seems pretty unlikely that it’s just a coincidence that those 6 properties just happen to all be well above average increases… either the announced 9.5% is BS or they’ve given the 7 deputy CEOs properties huge rate cuts to even things out!

They only ever announce the average increase hoping people don't realise that some will get larger than that. Ours is 8.9% but when you look into the detail a lot of properties are getting 10%+.

hers.nz - 2021-07-20 22:27:00
19
hers.nz wrote:

They only ever announce the average increase hoping people don't realise that some will get larger than that. Ours is 8.9% but when you look into the detail a lot of properties are getting 10%+.

Across the houses our family own in Rotorua they are all 15-20%, if the average really is 9.5% you’d expect at least one of them to be even close to the average, not all at least half as much again!

rowlf - 2021-07-20 22:47:00
20
joanie04 wrote:

About 4% here a tad over $100 in total. Next year could be interesting properties are due to have the three yearly valuations done.

thats not how this works.

sparkychap - 2021-07-21 06:27:00
21

They tell you the "average rate increase", but very few can find the below average rate payer?

smallwoods - 2021-07-21 08:43:00
22
smallwoods wrote:

They tell you the "average rate increase", but very few can find the below average rate payer?

In Rotorua , they are the ones with CVs over approx. $ 900K.

And farms - all their rates have gone down.

So the average sector change for urban residential is actually 11.56% according to the Council Minutes. No one tell Lakeview though.

sparkychap - 2021-07-21 09:13:00
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