Therefore, they should always be kept in check to see if they are able to function properly. Unfortunately, problems will occur here and there and it could even effect your water taps. A dripping faucet is commonly found when you have a new water appliance installed. However, it can be found all-year round in most properties in Melbourne. Water dripping from your taps could be a sign of a faulty component from the taps. When you have a dripping faucet, it could cost you a lot of money; 157 gallons of water are wasted each year with water dropping three drops per minute. When you increase that to one drop per second, you get a total of 3000 gallons of water wasted. Think about the amount of money you can save in a year with that amount of water.