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Local Government (Rating) Act 2002

Replacement of rates and miscellaneous matters - Replacement of rates - Effect of replacement rates

126: Allocation of excess

You could also call this:

"What happens to extra money you pay for your rates"

Illustration for Local Government (Rating) Act 2002

If you have extra money left over after paying your rates, it gets used in a certain order. You use it to pay any rates you still owe for the current year, then you use it to pay any other rates you owe for your property. If there is still money left, it gets put towards your future rates. If you have money put towards your future rates, you can ask the local authority to give you some or all of it back at any time. You do this by writing to them and they will give you the money back as soon as they can after they get your request.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM133184.

Topics:
Government and voting > Local councilsHousing and property > Land use
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125: Adjustment of rates due on properties, or

"What happens when the rates on your property change"

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127: Assessment of deficit, or

"Working out a deficit for a property's rates bill"

Part 5Replacement of rates and miscellaneous matters
Replacement of rates: Effect of replacement rates

126Allocation of excess

  1. The amount of any excess must be applied in the following order:

  2. paying any rates arrears for the relevant year; and
    1. paying any other rates arrears owing in respect of the rating unit; and
      1. crediting against future rates any remaining sum in anticipation of rates yet to be assessed.

        1. If a remaining sum is credited against future rates,—

        2. the ratepayer may, at any time, apply in writing to the local authority for the refund of the whole or part of the credited rates; and
          1. the local authority must make the refund as soon as practicable after receiving the application.