27 Oct 2011

Auckland rates up 3.5% next year?

5:30 pm on 27 October 2011

Property rates in Auckland could rise by 3.5% next year.

Mayor Len Brown has proposed this amount as an upper limit and hopes the final figure for next year will be below 3.5%.

However, he has forecast rate rises of up to 5% in subsequent years.

The actual increase faced by individual ratepayers will not be known until a new rates system is finalised next year. It replaces eight previous ones.