7 Jun 2010

Wellington residents' rates up by nearly 6%

10:02 am on 7 June 2010

Residential rates in Wellington are rising by an average of 5.75%, but rates for the commercial sector will stay virtually the same.

In fact, they go down by a fraction of a fraction - 0.03%.

The Wellington City Council voted on the rates rise this week, after approving a range of projects including an upgrade of community swimming pools and a Rugby World Cup waterfront village and sculpture.

A council spokesperson says commercial ratepayers still subsidise residential ones by about $33 million a year, but the council wants to reduce this burden by shifting rates to a fairer level.

The overall rates increase averages out to just over 3%.