Rate land

The Dominion Post - - Opinion -

One way to en­cour­age devel­op­ment of new ar­eas zoned for hous­ing would be to go back to bas­ing coun­cil rates on the value of the un­der­ly­ing land. Our city’s founders used that to drive the devel­op­ment of our com­pact city. The change to rat­ing on the cap­i­tal value of de­vel­oped prop­erty has greatly re­duced the cost of hold­ing bare land. TR­ISH JANES Mt Victoria

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