Uploaded August 2026 | Updated September 2026, 2 weeks ago
The government has announced it will cap the amount councils can increase rates by to a maximum of 4 percent, unless there are exceptional circumstances | Subscribe: youtube.com/RNZVideo?sub_confirmation=1
Local Government Minister Simon Watts said the legislation would put a brake on excessive increases and give ratepayers greater certainty.
The caps will take full effect from 1 July 2029, but long-term plans prepared before then will need to consider the target range of 2-4 percent.
Water services, such as those provided by Watercare in Auckland and Tiaki Wai in Wellington, will be exempt.
Full story: rnz.co.nz/news/politics/1116054/rates-rises-to-be-capped-at-4-percent
The government has announced it will cap the amount councils can increase rates by to a maximum of 4 percent, unless there are exceptional circumstances | Subscribe: youtube.com/RNZVideo?sub_confirmation=1
Local Government Minister Simon Watts said the legislation would put a brake on excessive increases and give ratepayers greater certainty.
The caps will take full effect from 1 July 2029, but long-term plans prepared before then will need to consider the target range of 2-4 percent.
Water services, such as those provided by Watercare in Auckland and Tiaki Wai in Wellington, will be exempt.
Full story: rnz.co.nz/news/politics/1116054/rates-rises-to-be-capped-at-4-percent
