What your property rates notice will show
We generate rates notices in July.
The Retrofit Your Home targeted rate will stay on your property rates notice for the full rating year.
Once we add the Retrofit Your Home repayment amount to your rates, it will appear in your rates notice as Retrofit Targeted Rate.
The Loan Value is the GST inclusive balance at 30 June each year. The Rate (not the rate of interest) is used to calculate the targeted rate for the year.
Six-monthly balance statements
When you receive a statement in the post, it is for your records only.
If you have any questions, email us at email@example.com.
The current interest rate is 6.02 per cent.
This is at the interest rate of borrowing from Auckland Council plus a one per cent administration margin. The rate is updated in July each year.
When you sell your house
If you sell your house with an outstanding amount owing on your retrofit, you must:
- tell the buyer about the existence of the targeted rate
- include a written provision in any sale agreement recording that disclosure
- notify our Retrofit Your Home programme team.
You may also arrange to pay the outstanding Retrofit You Home amount in full.