Our Rating Value.
IS IT CORRECT ? TO THE EDITOR OP THE MANAWATO HERALD. Dear sir,— l notice you invite correspondence on subjects of interest to the town, and seeing some items re high rates, and as I am a sufferer through high rates, I would point out how I consider the rating system followed in Foxton is wrong, viz., on the rental values. Now, sir, I know a section of land one acre in extent which the owner told me he had been offered /500 for and rejected the offer. The rental value of this acre for grazing is £1 per annum, and the rates paid 2/2 per annum. Now, sir, another man buys a % acre section for say ; he erects a house on same at a cost of say £165 ; total, /200. This house has a rental value of say £2O per annum ; rates charged £2 4s 2d per annum. Is this right, that the man who improves should be taxed like this. The first pays rates on and it is 2/2 place and is rated £2 4s 2d on his £2OO. Now, sir, there are plenty more vacant sections valued at to ,£SOO per acre in Foxton. I pay a similar rate to above which the improver pays. Why not rate on unimproved value? Thanking you beforehand, I am, etc, “ Resident.” Foxton, July 31, 1906.
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Manawatu Herald, Volume XXVIII, Issue 3700, 31 July 1906, Page 2
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227Our Rating Value. Manawatu Herald, Volume XXVIII, Issue 3700, 31 July 1906, Page 2
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