THE Rakiraki Town Council hopes to start collecting rates to the tune of $12,995,300 annually for the very first time either later this month or early next month.
Rakiraki town's interim special administrator Seini Raiko said the mandatory evaluation was carried out and completed by the Ministry for Lands and a valuation of rolls and plans was presented to Local Government Minister Colonel Samuela Saumatua on March 16.
"An advertisement for 30 days perusal of the plans was put in the local dailies on March 21 after which the Ministry of Lands will hold a three-day consultation with property owners on any issues raised."
"The council will expect to start collecting rates immediately thereafter," she said.
Among the unimproved property valuations are 57 commercial B lots valued at $1,511,100 and 10 commercial C valued at $258,900. Residential B properties number 484 valued at $8,512,400 and there are 18 industrial general lots valued at $666,400.
Civic lots number 35 valued at $495,100, there are two special properties valued at $90,000 and 125 rural lots valued at $2,046,500.