Central Wellington residents could be about to pay more in rates.
The Greater Wellington Regional Council’s voted to confine an increase to an average of 5.9 per cent in its 2019/20 plan.
That’s the average rate for the whole region, but some areas will end up paying more.
Those owning residential properties in the central Wellington area would be forking out an extra $41 annually, as rates rise by 7.9 per cent.
It comes after the Greater Wellington Regional Council recently ditched a proposal, which would’ve seen those in the city face a hike of just over 16 per cent.
The Regional Council says the increase is fuelled by rising property values in some parts of the region, and these spikes mean that those districts will have a greater regional rate increase compared with other districts.
For central Wellington, this was made worse because of the Kaikōura earthquake, which has reduced the overall value of commercial property in the CBD.
As a result businesses and commercial properties in the city would receive a rates drop.
Councillors will be meeting with the community and stakeholders over the coming weeks during the formal consultation period from 24 April to 24 May.
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