Timaru Real Estate, New Zealand
Realty Corner Ltd - Your Residential & Lifestyle Property Specialists
Timaru Real Estate New Zealand
   
Property Quick find: Please enter property ID
 
Home arrow Timaru Property News arrow Timaru rates rise cut to 5.14 per cent
 
Home
About Realty Corner
Our sales people
Featured properties
Properties for sale
Timaru Property News
About Timaru
FAQs
Contact us
Recommended links
Site search
Latest News
Timaru rates rise cut to 5.14 per cent PDF Print E-mail

By CLAIRE HAREN - The Timaru Herald

Timaru district councillors yesterday took their "no-frills" budget and shaved off a bit more.

When councillors began budget discussions yesterday, the projected rise in the rate take was at 5.95 per cent, plus $145 extra for all residents who get the new three-bin recycling system.

But by the end of the day, they'd managed to prune that down to 5.14 per cent, give Winchester residents a reduction of nearly $200 in their water charge, and introduce a new system of differentials to lessen the impact of last year's revaluation of the district.

Cutting the rate rise back was helped mostly by a decision to push the North Street overbridge project out a year, which saved around $100,000 in rates.

The council introduced a uniform water charge of $174 for all the urban water supplies across the district, replacing the separate rates for each supply.

That decision brings water supplies into line with the district-wide sewer rate and refuse collection rate.

The biggest winners of that decision are Winchester residents, who will save $189 on their water rate, as it drops from the current $363 to the uniform $174.

Pleasant Point residents will save $71, Temuka $17 and Geraldine $91. Timaru's is the only one to increase, from the current $161 to $174.

The uniform annual general charge was increased by $10, as per the council's policy, and a new formula of differentials adopted, to ensure the same proportion of rates was collected from each sector, despite the swings and roundabouts of last year's revaluation.

The new differentials are: Commercial/industrial 1.4; primary 0.09; residential/ recreational 0.25; multi-unit residential 0.46.

The budget and long-term council plan will go to Audit New Zealand for an opinion before being adopted by the council on April 19 and then put out for public consultation.