RATING AND VALUES.
I am a visitor to Auckland and notice {tki'fc Mount Eden proposes to try to introduce rating on unimproved value. In theory it is an excelidea, but in practice it does not work out, for it usually hurts the person owning a small house, who expects to have his rates reduced, thereby increasing the valua of his property. In many cases the rates aro reduced, but I had mine increased on a house and land valued at £!)50 immediately unimproved rating came in. The selling price, however, always conies down from fifteen to twenty per cent oil account of people not wishing to invest money (ask any lawyer) in a district which immediately becomes unprogressive under the new latmg systom. If one gets one's rates reduced, er y ear ) that is £60 in twenty years, the selling value at once comes down £lf>o to £200. Where is the gain? One could not run. a business on those lines. DANGER AHEAD,
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19290502.2.36.5
Bibliographic details
Auckland Star, Volume LX, Issue 102, 2 May 1929, Page 6
Word Count
163RATING AND VALUES. Auckland Star, Volume LX, Issue 102, 2 May 1929, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in