The Regional Council sets targeted rates for the property, which has two components: The ‘Area’ component is based on where the land is situated and is calculated using the area of land within the rating unit. The ‘Unit’ component is a fixed charge that all property owners will pay based on where the land is situated and the level of benefit received.
The factors used to calculate these rates are set out for this year in our Annual Plan
You can see this year’s targeted rates values in the Annual Plan 2023/24 (page 45).