The Local Government (Rating) Act 2002 provides the council with a range of different mechanisms for charging rates. There are four main rating tools available to the council that can be used to form the basis of a rating policy.
- Uniform Annual General Charge (UAGC)
- General rate (value-based)
- Rates differentials
- Targeted rates.
The Council’s long term differential strategy is to lower the differential for businesses over a 10 year period, reducing by 0.1 per annum from 2013/2014 – noting that changes in valuations may affect the calculations from time to time. The urban business differential (affecting Rosebank BID properties) is therefore 2.53 for the 2013/2014 year.
Targeted rates may be used to fund specific council activities and are mainly used where there is a clearly identifiable group benefiting from a specific council activity. Business Improvement Districts targeted rates fund the programmes, projects and activities of that particular BID intended to identify and reinforce the unique identity of that place.
The BID targeted rates will be applied to business land, as defined for rating purposes, that is located in defined areas in commercial centres, using a fixed rate and/or value-based rate on the capital value of the property. Each BID sets its own targeted rate; the current Rosebank BID rate (2013 – 2014 year) is 0.0050896. (Estimated 0.00048743 for 2015 year)
More comprehensive information on rating policies is available from the Council’s Long Term Plan document which is available to view here. (Section 6 is the rating policy)
General Information from Auckland Council website on rates (not specific to businesses) is available here.