If full repairs are done, how could this affect my rates?
Under the current rating district funding model, individual landowners at some of the 13 sites would be asked for a one-off payment, which varies based on the work required.
All ratepayers in the lower Waitaki River rating district would be subject to an additional contribution. This would mainly affect targeted rates, with possibly a nominal increase to general rates as determined through the Long-Term Plan and Annual Plan processes.
To work out how this proposal might affect your rates bill, check your most recent rates demand. If you pay Waimate District Council rates find the ECan lower Waitaki rate that you are currently charged. If you pay Otago Regional Council rates, identify the line for Lower Waitaki River Management A and/or B. This amount is a portion of your total rates bill and is roughly equal to the dollar amount that your targeted rate would increase by to cover the cost of repairs. It could be paid back over a period of time (eg. one to five years). You can look up your current rates demand as follows:
- Canterbury | www.waimatedc.govt.nz/property-rates/rates (go to Search Your Property)
- Otago | www.orc.govt.nz/rates/rates-calculator
Although rates vary depending on where your land is located, we have provided some general examples to illustrate the amount your targeted rate could increase if we proceed with the full package of repairs.
CAPITAL VALUE | CURRENT TARGETED RATE (example only) |
POTENTIAL RATES INCREASE
(if we proceed with the full package of repairs) |
$160,000 | $120 |
|
$290,000 | $360 |
|
$570,000 | $709 |
|
$990,000 | $1,232 |
|
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