Rates are a tax on the value of your property. Rates provide around half of Council’s income and this money pays for new roads, stormwater systems, libraries, water pipes, parks and reserves and so on.
In the 2024/25 financial year it will cost the council approximately $573 million in operations to deliver the services the city needs. A further $510 million is planned to be spent on capital.
Of the operational costs, $333 million is funded from rates which are collected from 58055 residential customers and 1790 commercial customers, Industrial 2240.
Rates breakdown 2024/25
My Rates February 2025 (492kb pdf)
How rates are set
Rates are calculated using the property value and the use of the property, such as residential, commercial or rural. Council’s Annual Plan or Long-term Plan decides the work for the year ahead, how much this will cost and the total amount of rates that are needed to pay for it.
The value of your property is set by independent valuers, Opteon. Revaluations are done every three years. The most recent citywide revaluation was done on the 1st of May 2023 and will be used to calculate the rates from 1st July 2024.
Where Council income comes from:
Council’s total income includes both operational Income ($470m) and asset development revenue ($182m) for a total of $652m. This revenue comes from:
- Rates 51% of revenue
- User fees 11% of revenue
- Development contributions 5% of revenue
- Grants and subsidies, and other capital contributions from the government and others 28% of revenue
- Interest and other revenue 5% of revenue
From 1 July 2022, Tauranga City Council will no longer be collecting rates on behalf of Bay of Plenty Regional Council. For more information about this change go to www.boprc.govt.nz/rates