Rates calculation for 2016-17

Calculation of rates for different types of properties is as follows:

Standard Properties: FC + (AUV x P)

The amount of rates payable for 2016-17 has two components - a fixed charge (FC) and a valuation charge (AUV x P) for each rateable property.  The valuation charge is calculated using rating factors or percentages (P) that are applied to the property AUV (average of 2014, 2015 and 2016 unimproved land values).

Unit Properties: FC + (AUV x UE x P)

Rates for units that are part of a registered Unit Title Plan are subject to a similar calculation that is applied to all other properties.  Each unit is liable for the fixed charge (FC) together with the valuation charge ((AUV x UE) x P).  The valuation charge for each unit is calculated using the AUV (average of 2014, 2015 and 2016 unimproved land values) of the entire Unit Title Plan which is multiplied by the individual unit entitlement (UE).  The rating factors or percentages (P) are then applied to the individual unit AUV.

Valuation Charge (AUV x P)

The marginal AUV rates applicable to different property categories in 2016-17 are as follows:

PropertyValuation Charge (AUV)Rating Factor (P)
Residential $1 - $150,0000.2746% 
 $150,001 - $300,0000.3900%
 $300,001 - $450,0000.4800%
 $450,001 - $600,0000.5400%
  $600,001 and over0.5750% 
   
Commercial$1 - $150,0002.8000%
 $150,001 - $275,0003.3000%
 $275,001 - $600,0004.6600%
  $600,001 and over 4.7700%
   
RuralAUV  x0.1468%

Fixed Charge (FC)

The fixed charges applicable to different property categories in 2016-17 are as follows:

PropertyFixed Charge (FC)
Residential $765
Commercial$2,235
Rural$150

Relevant links

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