How are rates calculated?

General Rates - how they are calculated

The formula for calculating general rates, excluding any additional charges or arrears, is:

General Rates = Valuation x Rate in the dollar

Details of the council valuation of your property are displayed on your rate notice.

Capital Improved Value Basis

For a municipality where the valuation base is Capital Improved Value, the calculation for a property worth $250,000 would be:

Capital Improved Value	$250,000
Rate in dollar	0.40730 cents
$250,000 x .0040730	= $1018.25

For another property within the same municipality valued at $350,000:

Capital Improved Value	$350,000
Rate in dollar	0.40730 cents
$350,000 x .0040730	= $1425.55

How your rates are calculated will be set out on your rate notice. If you would like further clarification about your rates calculation you can do so by phoning the customer service team on (02) 6022 9300.

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