How Are Rates Calculated?
Council rates are a form of property taxation and property values play an important part in determining how much each individual ratepayer contributes. As it is a system of taxation, the rates paid may not directly relate to the services used by each ratepayer. An “ad valorem” principle applies which means that the higher the value of the property the higher the amount to be paid in the form of rates.
The property values used by Tweed Shire Council are set by the State’s Valuer-General. Landowners who are not satisfied with the land value recorded have 60 days to lodge an objection to have their land value reviewed.
The total amount of rate money Tweed Shire Council collects each year is worked out based on State Government directions. How much you pay as an individual depends on the type of land you own.
In the Tweed Shire there are three land categories: farmland, residential and business. Your rate category is shown on the front of your rate notice. If you don’t agree with your category you can apply to have it changed by contacting the Revenue and Recovery Department.
All rates are worked out using land value. The land value is determined by the NSW Valuer-General’s Department, not by Council. A revaluation occurs at least once every three years. The latest revaluation was completed in July 2008 and has been used in the calculation of your 2011-2012 rates.
If you live on a block of land which is zoned for another purpose, for example a commercial premises or a sub division, you may be able to apply for a special concession on your rates.
Once your land value is worked out, it is multiplied by a figure known as the “rate in the dollar”.
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