The Auckland City Centre Advisory Board and Targeted Rate
We are a member of the Auckland City Centre Advisory Board (ACCAB). The board focuses on projects delivered under the City Centre Masterplan, the allocation of the City Centre Targeted Rate and important topics for the city centre, and advises Auckland Council, including the governing body and committees, Waitematā Local Board and council controlled organisations like Auckland Transport and Panuku Development Auckland.
City Centre Targeted Rate
All commercial and residential property owners in the city centre – you can see the area map here - pay an additional City Centre Targeted Rate.
This generates over $20 million each year – and these funds are used to upgrade and develop the city centre with projects like the shared space progamme and public space upgrades like St Patrick's Square and Freyberg Place. These projects bring to life the City Centre Masterplan – which recognises the role that the city centre plays as the economic engine for Auckland and the whole of New Zealand. In order for the city centre to remain vibrant and successful and to accommodate the anticipated growth, ongoing investment into the public spaces and transport infrastructure is needed. The investment seeks to significantly enhance the city’s public spaces to make them more people friendly as well as encourage further private sector investment.
In the 2020/2021 financial year, the city centre targeted rate is charged at $0.00130889 (including GST) of rateable capital value for commercial property and $62.40 (including GST) per SUIP (a separately used or inhabited part, eg. an apartment) for residential property.