Rates Movements 2018-28 2017.18 Benchmark Properties Capital Value Land Value Actual 2018.192019.202020.21 2021.222022.232023.242024.252025.262026.272027.28 Rate Levy 13-Picton Motels (19 units) $1,370,000 $485,000 $6,878 $7,027 $7,107 $7,155 $7,348 $7,601 $7,911 $8,327 $8,529 $8,886 $9,119 2.17% 1.13% 0.68% 2.69% 3.44% 4.08% 5.26% 2.42% 4.20% 2.61% 14-Blenheim Vicinity $3,100,000 $1,540,000 $5,912 $7,080,1 $7,400 $7,801 $8,192 $8,545 $8,866 $9,181 $9,472 $9,773$10,079 19.76% 4.52% 5.42% 5.01% 4.32% 3.76% 3.55% 3.16% 3.18% 3.13% 15-Blenheim Vicinity $2,130,000 $1,000,000 $3,898 $4,887 $5,105 $5,387 $5,671 $5,933 $6,174 $6,405 $6,614 $6,834 $7,065 25.36% 4.47% 5.51% 5.28% 4.63% 4.06% 3.74% 3.27% 3.33% 3.38% 16-Blenheim Vicinity $13,090,000 $6,480,000 $19,753$24,404$25,537$27,005$28,497$29,811 $31,017$32,228$33,282$34,414$35,595 , , , , , , , , 23.54% 4.64% 5.75% 5.52% 4.61% 4.05% 3.90% 3.27% 3.40% 3.43% 17-Blenheim Vicinity $2,840,000 $2,050,000 $8,806 $8,565 $8,944 $9,422 $9,879$10,276$10,638$11,008$11,341$11,690$12,040 -2.74% 4.43% 5.34% 4.85% 4.03% 3.52% 3.48% 3.02% 3.08% 2.99% 18-Blenheim Vicinity $12,250,000 $7,440,000 $21,984$28,189 $29,495$31,181 $32,879$34,370$35,738$37,114$38,317$39,605$40,941 , , , , , , , , 28.23% 4.63% 5.72% 5.45% 4.54% 3.98% 3.85% 3.24% 3.36% 3.37% 19-Renwick Residential * 1 $410,000 $175,000 $2,219 $2,425 $2,586 $2,742 $2,875 $2,995 $3,123 $3,238 $3,364 $3,498 $3,589 9.31% 6.63% 6.03% 4.88% 4.16% 4.26% 3.70% 3.88% 4.00% 2.59% 20-Renwick Residential * 2 $325,000 $170,000 $2,251 $2,460 $2,619 $2,773 $2,904 $3,020 $3,144 $3,256 $3,338 $3,429 $3,516 9.29% 6.45% 5.86% 4.72% 4.00% 4.09% 3.57% 2.51% 2.72% 2.56% 21-Spring Creek Residential $385,000 $170,000 $1,737 $1,883 $1,991 $2,107 $2,202 $2,304 $2,410 $2,500 $2,601 $2,722 $2,800 8.36% 5.76% 5.84% 4.52% 4.61% 4.62% 3.71% 4.07% 4.65% 2.86% 22-Grovetown Residential * 3 $470,000 $225,000 $2,960 $3,115 $3,234 $3,361 $3,303 $3,418 $3,543 $3,648 $3,769 $3,912 $4,000 5.25% 3.80% 3.94% -1.75% 3.48% 3.67% 2.96% 3.31% 3.79% 2.24% 23-Grovetown Residential * 3 $280,000 $180,000 $2,522 $2,681 1 1$2,788 $2,903 $2,864 $2,963 $3,068 $3,156 $3,258 $3,379 $3,454 6.31% 4.01% 4.12% -1.35% 3.45% 3.55% 2.89% 3.22% 3.72% 2.22% 24-Rarangi Residential $1,020,000 $290,000 $1,391 $1,568 $1,635 $1,715 $1,783 $1,843 $1,895 $1,949 $2,003 $2,055 $2,104 12.76% 4.28% 4.89% 3.95% 3.35% 2.86% 2.84% 2.75% 2.63% 2.35% 25-Picton Vicinity $1,905,000 $1,570,000 $3,244 $4,949 $5,164 $5,434 $5,704 $5,909 $6,098 $6,298 $6,480 $6,657 $6,844 , 52.53% 4.34% 5.23% 4.98% 3.58% 3.21% 3.27% 2.89% 2.74% 2.81% 2018-2028 Long Term Plan Page 292