Poll: Is Hamilton's $500 UAGC rates charge unfair for high density developments?
There's an "apparent inequality" in a change to how Hamilton City Council calculates rates, according to finance chairman Garry Mallett.
What do you think about the $500 Uniform Annual General Charge (UAGC)?
Council intended it to smooth the transition of Hamilton's rating system from land value to capital value.
It generally applies once per property, but if council finds you have more than one SUIP - Separately Used or Inhabited Part of a rating unit - you will get a charge for each one.
Mallett says that is bad news for landlords of high density apartments and has got investors pulling out sinks and developers removing ensuites from plans to avoid big increases.
Read more: stuff.co.nz/national/107870870/arbitrary-definition-stings-landlords
*PLEASE WRITE NFP IF YOU DO NOT WANT YOUR OPINIONS PUBLISHED*
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65.4% Yes
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23.1% No
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11.5% Undecided
🧩😏 Riddle me this, Neighbours…
I am an odd number. Take away a letter and I become even. What number am I?
Do you think you know the answer?
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