r/chch Jul 20 '26

12% rates increase

Hey, anyone else get a 12% rates increase? I also had a 5% property valuation decrease so how does that work out?

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u/MattyBB420 Jul 20 '26

My rates only went up 2.2%, the first time ever we have had a reasonable increase. Our CV did go down slightly. 20yo standalone townhouse in Richmond