From the 1st of July 2024, the minimum estimated value of building work, usually referred to as the building levy threshold, is increasing from $20,444 to $65,000 (including GST) for building consents. The building levy rate remains at $1.75 per $1,000 and part $1,000.
The building levy is a charge calculated on the cost of building work. The building levy is paid by building owners or developers on successful building consent applications for projects that are worth more than the prescribed threshold.