Rate relief for new builds and relocatable housing Listen RATES REMISSION POLICY Full policy here 11 Incentivising residential development Objective :To increase the amount of housing stock in the Rangitikei. Conditions and criteria Rates remission on new or relocated dwellings 1. Council may grant a rates remission on a new residential building constructed anywhere in the Rangitikei District or a relocated dwelling if brought from outside the District and so certified by the agency undertaking the relocation 2. The remission will be for a total of $5,000 (GST inclusive), and available after the Council has issued a building code compliance certificate for the dwelling. The remission will end once $5,000 of rates has been remitted. The remission applies to the property and is transferable to a subsequent owner. 3. If more than one qualifying new or relocated dwelling is constructed on a single rating unit, the remission is increased proportionate to the number of dwellings. 4. The remission is not available if the otherwise qualifying new or relocated dwelling is replacing an existing dwelling. However, Council will consider an application to waive internal building consent costs for such a dwelling. 5. The remission is not available retrospectively for otherwise qualifying new or relocated dwellings which have been completed before the commencement date of this policy. 6. Rates remissions date from the start of a financial year. Rates remission on subdivisions for residential purposes 1. If a subdivision for residential purposes receives resource consent approval after the commencement date of this policy, Council will continue to charge the subdivided property the rates last charged before subdivision for up to three years. When sections are sold, the rates will be reduced proportionately on the area not yet sold. 2. Where a subdivision for residential purposes received resource consent approval before the commencement date of this policy, Council will continue to charge the subdivided property the most recent rates charged for up to three years. When sections are sold, the rates will be reduced proportionately on the area not yet sold. 3. Any section sold from a subdivision for residential purposes during the three year period when a remission is being granted over the whole site, will be rated for one year at the pre-subdivision rate (proportionately to the total area of the approved subdivision). Full rates will apply after that year. 4. A qualifying subdivision for residential purposes must have a minimum of three sections. 5. A qualifying subdivision for residential purposes may be anywhere in the District. 6. Rates remissions date from the start of a financial year.