Examples of rates changes for 2015/2016 The examples below are based on four residential properties across Auckland. The 2015/2016 rates figures include an average general rates increase of 2.5 per cent, which works out to an average increase of 4.2 per cent for residential properties, when split out from business and farm/ lifestyle properties, and the inclusion of the Interim Transport Levy of $113.85 (including GST) for each residential dwelling. The average residential rates increase across Auckland was 9.9 per cent. Same rates under the single rating system Auckland has now completed its move to a single rates system. This means that rates increases and decreases will no longer be capped. It will make rates fairer because all properties of a similar value and use will be charged a similar amount of general rates, no matter where they are in Auckland. Previously, properties of similar value were charged different rates amounts. Residential property location Henderson Meadowbank Pakuranga Heights Glenfield Property value $520,000 $520,000 $520,000 $520,000 $2478 $2180 $2052 $1989 $750,000 $750,000 $750,000 $750,000 $2350 $2350 $2350 $2350 â 5.2% á 7.8% á 14.5% á 18.1% 2014/2015 2015/2016 Rates Property value Rates Rates change Same property value Different rates Same property value Same rates Effect of revaluation on rates Rates are based on the 2014 property valuations. Last year, residential properties in Auckland increased in value by an average of 34 per cent. The increase in property valuations has no impact on the amount of rates money the council collects. If property values go up, no additional income flows to council. Property values simply help to determine how rates are shared across ratepayers. If your property value has increased more than the average, your rates will likely increase. While if the property value increase was below the average, you may get a smaller rates increase, or a possible decrease. Orewa Papatoetoe Botany Downs Avondale $630,000 $600,000 $540,000 $500,000 $2408 $2311 $2117 $1988 $750,000 $750,000 $750,000 $750,000 Rates $2350 $2350 $2350 $2350 Different value increase and rates change. Property value increase á 19% á 25% á 39% á 50% Same property value and 2015/2016 rates Rates change â 2.4% á 1.7% á 11.4% á 18.2% Residential property location 2014/2015 2015/2016 Property value Rates Property value