Rate calculations

Council rates are calculated by multiplying the capital value of the property by the rate in the dollar. Capital values are obtained each year from the Valuer-General.

 

The rate in the dollar is determined by Council. The formula is adjusted by applying a minimum rate set by Council each year. The minimum rate for 2017/18 is set at $889.00 and will apply to all residential properties with a capital value of $349,280 or less, and to all non-residential properties with a capital value of $144,990 or less. The minimum rate can only be applied to maximum of 35% of properties in the area. This ensures that all property owners contribute to the cost of services and infrastructure maintenance to each property.

 

Rate in the dollar

We use a formula based on property values to determine the amount of rates you pay.  It ensures that costs are shared.

 

The amount needed to be raised from rates is divided by the total value of all properties in our area.

 

Rate in the dollar formula

 

Rate in the dollar formula

 

Using a rate in the dollar avoids a windfall gain from changes in property values.

For 2017/18 the following rates in the dollar apply:

Residential                     0.00254529

Non residential               0.00613162

NRM levy                       0.00009617

 

The amount of rates levied

The amount of rates levied on each property is calculated using this formula:

Capital value of property multiplied (x) by the rate in the dollar = rates levied (subject to minimum rate).

 

More information

Email the Service Centre or call 8416 6333

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