Nicki Cruikshank explains exactly how RVs are calculated

Wellington Mornings with Nick Mills

English - February 10, 2023 00:03 - 5 minutes - 4.73 MB
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Rates across Wellington City have been forecast to rise around 12.8 percent, with the council blaming inflation, under investment, higher debt repayment and insurance costs.

Rates are based on a property's independent value, determined every three years.

However Tommy's Real Estate Sales Director Nicki Cruickshank says a blanket approach is more common than people think.

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