Queenstown Lakes District Council ratepayers can expect a significant increase in their next rates bill - the first instalment on September 29.
At its meeting yesterday, the council set an average rate increase of 14.5%, with one - primary industries - facing an average of 22.05%.
The formal setting of rates comes at the end of the annual plan consultation process.
A report prepared by council general manager assurance, finance and risk Stewart Burns noted that the number of "rateable units" was estimated to be 32,455, which represen-ted an increase of 3.5% on the previous year.
The impact of the rates increase would not be felt evenly across all property types and locations, he said.
The smallest average increase would be 9.05% ($367) for a Wanaka accommodation property valued at $775,000 and the largest average increase of 22.78% ($1493) for a Wakatipu country dwelling valued at $8.702 million.
The median residential property in Queenstown with a capital value of $1.39m will be required to pay an extra $467 per year, a Wanaka residential property valued at $1.298m an extra $486 per year and a $3.281m Wakatipu country dwelling an extra $708.
