What price this view?

Since 2002, soaring property values have propelled rates up by 48 per cent, causing an exodus of pensioners from the town.

This year, Mrs Edwards will pay rates totalling $2777; $2558 to Waikato District Council and $219 to Environment Waikato.

That's $891 more than in 2002 and a $106.80 fortnightly chunk out of her pension of $498.

The financial strain has forced dozens of pensioners like Mrs Edwards from their seaside homes, says real estate agent Margaret Kerapa.

"I'd hate to count (how many have gone)," she said. "I am totally aware that the rates are just ridiculous."

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