Changing Hamilton's Rating System - Your City's Future

At Council's meeting on 16 December 2011 a decision was made to keep the current land value (LV) based rating system with the current variable (differential) rates, rather than move to a capital value (CV) rating system. 

Also agreed was a small reduction in rates for central city businesses - a 95% differential relative to other commercial properties - with this funded from the commercial sector. This proposed change to CBD rates will be consulted on when the Council's draft 10-Year Plan is released for public consultation in March 2012.

The proposal for targeted rates for water and rubbish based on a capital value basis will not be introduced at this time.

A total of 2,763 people and organisations made submissions, with 106 submitters sharing their views face-to-face with Council over 4 hearing days in November 2011. The majority of submissions opposed all aspects of the proposal, preferring to keep the existing land value based rating system.

For more detailed information read the Support Documents, in the box to the right

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