Eligibility
If you are 65 years of age or older and have at least 75% equity in your home, you can arrange to defer payment of your rates and pay a concessional rate of interest on the unpaid amount.
This concession only applies to your principal place of residence.
Deferral of rates
If you are a property owner aged 65 or over you can apply to defer payment of all or part of your rates charges.
A deferral means you can delay paying rates until a later date, or when the property is sold or transferred. Simple interest at a concessional rate applies on the amount that has been deferred. The interest rate is updated every July and January in line with the monthly average 90-day Bank Accepted Bill rate issued by the Reserve Bank of Australia.
Application process
To apply to defer your rates you will need to complete an online application form. You will need:
- an ACT Digital Account where you have verified your identity. If you don't have an ACT Digital Account, you will be able to create one as part of the application process.
- your rates account number which appears on your rates notice.