Articles tagged with Rates Cap
Government Increases Rates Rebate and Sets Rates Cap to Ease Cost of Living in 2026
1 month ago | 366 viewsThe Government will increase the Rates Rebate Scheme from July 2026, raising the maximum rebate and income thresholds to provide targeted support for low-income ratepayers and SuperGold Cardholders, helping seniors on fixed incomes manage rising rates. New application forms will be available through councils and online, ensuring eligible households receive assistance amid ongoing cost-of-living pressures. Additionally, a rates cap will be introduced to control council spending and prevent unsustainable rate increases, with details to be announced later this year.
Tags: Simon Watts Casey Costello Rates Rebate Scheme SuperGold Cardholders Local Government New Zealand Government cost of living income abatement threshold rates cap NZ SuperannuationGovernment to Introduce Rates Cap Limiting Council Increases to 4% from 2027
6 months ago | 675 viewsThe Government will introduce a rates cap limiting annual council rates increases to between 2 and 4 percent per capita, aiming to control rising household costs while ensuring councils can maintain essential services. The cap will apply from January 2027 with a transition period for councils to adapt, and a regulator will oversee exceptions for extreme circumstances or justified revenue needs. Legislation will be finalized by early 2026, with the full regulatory framework implemented by mid-2029, including ongoing monitoring and reporting requirements for councils.
Tags: Simon Watts Government Local Government Minister councils rates cap rates increases household budgets Local Government Act Department of Internal Affairs regulator