Feature article
Auckland property owners face rate hikes despite CV declines
Let's break down what's happening.
AI summary
Auckland property owners are seeing rates rise despite falling Capital Values (CVs). This is because rates are determined by the Auckland Council's overall budget, which has increased to cover inflation and fund major projects.
Your final rates bill is based on your property's value relative to others. If your CV drops by less than the city average, your share of the rates pie can increase. Homeowners should anticipate annual rate increases regardless of their property's CV movement.
First up, what even is a CV?
So, why are my rates going up if my CV is down?
Author
Discover More
Special Delivery: five former post offices you can buy right now
Five former post offices for sale on Trade Me Property given an incredible second stamp on life.
From Marlborough vines to Golden Bay alpacas: five stunning homes that mean business
From vineyards to alpaca tour farms, discover five stunning New Zealand properties that include built-in businesses.
Search
Other articles you might like
