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Christchurch and Banks Peninsula properties have only risen slightly in value over the past three years, the latest district revaluation shows.
Christchurch City Council is meeting today to hear deputations from the public on its proposed Global Settlement with the Crown.
Ownership of several central city anchor projects and the residential red zone will transfer from the Crown to Christchurch City Council under a proposed Global Settlement drafted by senior officials.
The Draft Annual Plan 2019/20 adopted by Councillors reflects a strong desire to reduce rates increases, remove chlorine from the city’s drinking water and to focus attention on roads, footpaths and parks.
Christchurch ratepayers will face a lower rates increase this year than that forecast in the Long Term Plan 2018 to 2028.