In 2016/2017 it is anticipated that 73% or $18.764m of Council’s operating revenue will come from rate revenue. Council’s rating strategy uses a combination of a fixed charge on every rateable property and a differential or variable rating system, based on land use, when calculating general rates.
The fixed charge component of $606.90 (2016/2017) applies to every rateable property and will continue to raise just under one half (45%) of Council’s gross general rate revenue.
The differential or variable rating component that raises the remainder (55%) of Council’s gross general rate revenue is determined by multiplying the individual property value (capital value provided by State Valuation Office) by the differential rate in the dollar adopted for each separate land use category i.e.
Council has determined that it will require an increase in the overall general rate revenue equivalent to 4.5% over the previous year (2015/2016).
This overall percentage increase is offset by the effect of ‘growth’ i.e. new assessments that have occurred during the past year. This ‘growth’ is equivalent to a 0.66% benefit in general rate revenue resulting in an overall average rate increase of approximately 3-4% depending on your assessment details.
In terms of residential rates in particular, the average residential ratepayer will pay $1,101, an increase over last year of 3.8% or $40 per annum or $.077 cents per week, well below that of the State Average ($1,424 last year)
The South Australian Local Government Association comparative rates data report (2015/2016) provides the following information on the average residential rates for South Australian Councils:
Councils average residential rates for the financial year 2016/2017 $1,101 continues to be well below the previous years State Averages.
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