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Showing posts with label Wellington property rates. Show all posts
Showing posts with label Wellington property rates. Show all posts

Monday, June 12, 2023

Eric Crampton: Rates for change - How Wellington can be the blueprint for the rest of NZ


Wellington has a lot of problems. No one thing will fix all of them. But the current review of council ratings policy could fix an important problem and provide an example for other urban councils.

The benefit principle of public finance would say that each property’s council rates should reflect the value of services council provides to the property. If council upgrades local parks and facilities mainly used by those in the immediate neighbourhood, the local neighbourhood should bear the cost of it. If council improves amenities that are enjoyed by everyone across town, we all should pay for it.