In 2017/2018 it is anticipated that 73% or $19.608m 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 $630.30 for 2017/2018 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. 

  • Residential, Primary Production and Other $0.241940
  • Commercial, Industry and Vacant land $0.653238

Council has determined that it will require an increase in the overall general rate revenue equivalent to 4.5% over the previous year (2016/2017).

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 0.48% 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, the average residential ratepayer will pay $1,145, an increase over last year of 3.9% or $44 per annum or $0.84 cents per week, below that of the State Metropolitan Average ($1,505 last year)

The South Australian Local Government Association comparative rates data report (2016/2017) provides the following information on the average residential rates for South Australian Councils:

  • Average for all Metro Councils $1,505
  • Average for all Regional Councils $1,295
  • Average for City of Mount Gambier $1,101  

Councils average residential rates for the financial year 2017/2018 of $1,145 continues to be below the previous years State Average.

http://www.lga.sa.gov.au/goto/rates or http://www.lga.sa.gov.au/councilrates  

For further information on rates click on the links below :

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