The building levy threshold is being increased

Between April and May 2023, we sought feedback as part of the Building Levy Review. This consultation included questions focused on increasing the levy threshold and reducing the levy rate, aiming to reduce the costs incurred to homeowners and building owners who pay the levy.

A total of 59 submissions were received from a broad range of submitters including Building Consent Authorities, industry bodies and various individuals.

Read the summary of submissions - mbie.govt.nz

Currently, if the value of the building work a home owner or building owner is completing is more than $20,444 including GST, they will need to pay a building levy. Cabinet has agreed that from 1 July this year, if the value of the building work is less than $65,000 including GST it will be exempt from paying the building levy.

Next steps

We will shortly be publishing a new version of the building levy guidance document and information for Building Consent Authorities, including information on how to calculate the building levy over the transition period.