Valuations could see rates hike
Thousands of Rotorua residents will see their property values jump as a result of the new valuations released this week.
Monday, December 5th 2005, 6:50AM
by The Landlord
M ark Collet's Lake Okareka property has skyrocketed in value over the past two decades.
It's something he should be thrilled about - but it could also cost him.
Revaluations released this week show his property's land value has jumped about 130 per cent over the past three years.
That increase may also mean a fairly significant rise in the rates he pays to the Rotorua District Council.
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