If You Can See The Sea, Watch Out
Northern Porirua ratepayers will face big increases in rates after 1 July next year after Quotable Value New Zealand reports on valuation changes throughout the city, predicted Councillor Robert Shaw.
"The differences in property values will be accentuated in the new valuations because house buyers are now more willing to pay a premium to live in desirable places."
"Suburbs by the sea, and with sea views, will be hit hard by rates increases, as a result. Plimmerton, Pukerua Bay, Whitby, Paremata, Papakowhai and parts of Mana will be hardest hit"
"If you can see the water, watch out" he said.
Preliminary information from Quotable Value New Zealand Limited is that Porirua City will increase in value by 20% across the board, but on the coast increases by up to 45% will be common. The valuations were last done in 1998.
Councillor Shaw sought preliminary information from Quotable Value New Zealand when he found so many people asked him about the future of Porirua's rates.
At present, Quotable Value has 3 valuers working their way round residential property in the city. Real estate agents have confirmed the trend towards a greater range of property values within the city.
Councillor Shaw said he was concerned that the level of rates in the city stopped businesses coming to our city, and also has limited our growth in population. The level of rates is a factor in the decisions many make as to where they will buy a house. Many turn away for our city because they make a very simple, but telling, comparison with Wellington, the Hutt, or Kapiti.
Porirua City has consistently put up its rates for a decade, and the council must find a way to bring them down into line with other cities in our region. This is even more important when the differences between suburbs are extreme, Councillor Shaw added.