NEW CITY RATES

Dominion, Volume 7, Issue 2225, 11 August 1914, Page 4

NEW CITY RATES

CITY COUNCIL'S PROPOSALS,

If the proposal. that has been placid before the City Council in resppct to tho ' new rates is adopted, the bulk of the property-owners will find' that a sliifht,'■ reduction has teen effected. In consider-! in? the rates, there are onlv two of the individual demands to consider, viz., the /> general rate and the Hospital and Chfrit- ; able Aid rate. The former now stands at 2 t-10d. in the £, and the proposal how before the council 1g that it be reduced to. 2d., whilst a reduction in the Hospital and Charitable Aid ; Board's demand to-the -amount of over JGOO, has caused a proposed drop in that rate from 3d. in tho £ (on the general value) to : 2 2-3 d. The water rate is unaltered, and the rates to meet the interest accounts -" on loans is only altered fractionally -to assist in bookkeeping. ~'.-'■ * The rates as now compared with thosf proposed are as follow:—' i ■ . ■ ■ . Present. Propped, d. A ■■•&■. . General ................ 2 l-l6 ." 2 ' City improvements* loan 1-5 ,- 83-200 Library rate 1-13 17-200 Sanitation 10an5.... 7-28 49-200 „ ' ~ ... .1-28 7-200 Consolidated interest 1-10 1-10-(Tho foregoiug are struck on the uninv proved value.) .- ■/ Hospital and Charitable Aid .... 3 . 22-3 Water 2 2-9 2 2-9.. ' (These rates are struck on the annual value.) • It is only the old city proper (that portion which was under the jurisdiction of the Wellington City Council before the Melrose Borough was absorbed in 1904-5), that has been completely revalued this year. The new value of that part of the city has been computed by the Valuation Department at made up as follows:—Unimproved, .£9,380,767; improvements, .£6,625,858. The total value of Greater Wellington prior to the last re-valuation'(of the old part of the city) was .£18,754,349; made up as follows-.—Unimproved, ,£10,106,365; improvements, £8,652,262. The new valua- . tibn of Greater Wellington is £19,760,012, made up as follows:—Unimproved, JBII,170.089; • improvements, • £8,590,853. There are a good many objections to the new valuations, and in computing the proposed Tate demand 10 per cent, has been allowed off the amount represented to bo the .value of the newly re-valued portion of the .city. .