Ngā reiti 2020/21
We set our rates based on community needs, the demand for Council services, level of service delivery required and the overall rates affordability.
This year our budget includes an average 5.1% rates increase after growth. This is below the 7.1% forecast in the 2018-28 Long-term Plan and the 9.2% signaled earlier this year.
Our rates revenue is split between targeted rates and general rates. The Council is planning to collect $343m (GST exclusive) of rates during 2020/21.
| 2020/21 Annual Plan rates increase | |
|---|---|
Rates increase 2020/21 | 5.1% |
No increase in fees in 2020/21, except for some waste and marinas | √ |
No reduction in service levels | √ |
Debt funds revenue shortfall, reducing the impact on ratepayers in 2020/21 | √ |
Additional debt funding is ‘one-off’ so minimal impact on future years | √ |
Likely to meet financial prudence test | √ |
Meets balanced budget requirement | X |
Recommended | √ |
What are rates?
General rates are paid by all ratepayers and applied to services which benefit the whole community, for example, maintaining parks and walkways, operating our libraries, and renewing our roads and footpaths.
Targeted rates are paid by a specific group of ratepayers who receive a specific service – for example water, stormwater and wastewater services in rural areas, and business improvement districts (BIDs).
Whether you rent, own a home or a business in Wellington you’ll be contributing to Council rates either directly or indirectly.
Your money helps us deliver more than 400 day-to-day services and also pay for the borrowings used to fund big capital projects across Wellington.
To find your property and rates information for 2020/21 visit our property search.
