13 Jun 2014

Big rates rises tipped for Auckland

8:39 am on 13 June 2014

Some of Auckland's cheaper suburbs could face the sharpest rate rises next year, as a result of the city's three-yearly revaluation, Radio New Zealand reports.

Auckland's wealthier central suburbs faced the bigger rate rises three years ago, partly due to sharply rising property values.

But valuation figures provided by QV to Radio New Zealand News show a different pattern emerging this time.

Prices have risen on average by 29.8 percent in almost three years - but large parts in the west of the city have risen by up to 41 per cent.

Below average rises in central Auckland have been in Parnell, with 20 per cent, and Herne Bay, at about 18 percent.

Auckland Council will not comment on the QV data and will release its own preliminary figures on new valuations in about six weeks.

While valuations form the basis of deciding an individual property's share of the rate burden, other factors will influence a ratepayer's final bill.