Onchan District Commissioners have announced a two per cent increase in rates, up to 318 pence in the pound.
The move was announced at a meeting last night (January 21), and will cost a rate-paying household just under £11 per year more on average.
Rates were frozen by the local authority in 2018, and over the last three years have risen 1.6 per cent.
Commissioner Robin Turton says average costs have gone up 9.1 per cent in this time, so the authority had to up rates to cover a projected deficit.
The change will come into effect from 1 April.
Charges ‘outside of the Board’s control’, such as a 3.2 inflationary increase, and a 5.8 per cent hike in waste disposal charges at the Energy From Waste Plant, are blamed for the rise.
In a statement, the local authority has also sought to stress ‘government’s involvement’ in these increases, and has asked the public to come to their own conclusions.
Crogga still owes the Isle of Man Government money
DoI says works at Liverpool ferry terminal will take longer
Over 50 employment tribunals outstanding at the DoI
Free period products bill raises cost concerns for MHKs
Key road in Ramsey to re-open early this afternoon
Want to start training to become a nurse?
Appeal launched after fly-tipper filmed dumping rubbish
Prepare your pets for Bonfire Night, says Manx charity