Rates calculation

Rates calculation for 2011-12

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

Standard Properties: FC + ((AUV - $16 500) x P)

The amount of rates payable for 2011-12 has two components - a fixed charge (FC) and a valuation charge for each rateable property.  Each property is liable for the fixed charge together with the valuation charge.  The valuation charge is calculated using a rating factor or percentage (P) and the average of 2009, 2010 and 2011 unimproved land values of your property (AUV).  There is no liability for the valuation charge on the first $16 500 of your AUV.

Unit Properties: FC + (((AUV x UE) - $16 500) 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.  The valuation charge for each unit is calculated using the average of 2009, 2010 and 2011 unimproved land values (AUV) of the entire Unit Title Plan which is multiplied by the individual unit entitlement (UE).  The rating factor or percentage (P) is then applied to the individual unit portion of the AUV that exceeds $16 500 (rate free threshold).  There is no liability for the valuation charge if the individual unit portion of the AUV is $16 500 or less.

Fixed charges (FC) and rating factors (P)

There are different fixed charges and rating factors for residential, commercial and rural properties.  The fixed charges and rating factors for 2011-12 are as follows:

Relevant links

• Calculator - Rates, fire and emergency services levy and land tax 2011-12
• Calculator - Rates, fire and emergency services levy and land tax 2010-11  

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