Rates are calculated based on:
Land Value -
of your property, which does not mean the value of your home. It is land value only. This amount is determined by the NSW Valuer General, and is usually reviewed every three years. If you own a strata title property, the land value of the entire site is divided by the unit entitlement (listed on your strata plan), to ascertain the land value for each unit.
Rate in the Dollar
which is a formula, based on land value and usage. It is reviewed by Council each year.
The 2011-2012 rate in the dollar
for business is:
- 0.00667395 cents per dollar
Council also uses a minimum amount for when your land value is below $93,385. The 2011-2012 minimum is $623.25.
Stormwater Management is $25.00 per 350 square metre or part there of.