The Nelson City Council will be reviewing how rates are spread across the district following new property valuations which could cause rates to skyrocket in some areas.
Thursday, October 23rd 2003, 4:32AM
by The Landlord
The review comes amid a warning from Nelson Grey Power that pensioners will be forced out of their family homes if the council or Government don't do something to even the spread.
Three-yearly property valuations, on which the council bases its rating calculations, were released last week.
The valuations will not impact on rates until the 2004-05 financial year but a valuation roll available for inspection at council offices includes a hypothetical rate. This rate is a calculation of the effect the new valuations would have if applied to the current year's rates.
