THE City of Joondalup is proposing an overall rate increase of 1.95 per cent for the 2017-18 financial year – the lowest increase in more than 15 years.
A document from this month’s council meeting states the City’s draft budget requires $97 million in rates, which equates to a 1.95 per cent increase from 2016-17.
It is proposed the City continues to implement differential rates, first introduced in 2008-09, to “maintain the distribution of the rate burden between residential, commercial and industrial properties”.
This also applies to improved and vacant land, with a higher rate on vacant land to “promote and encourage development”.
This financial year, a revaluation will apply.
“There are modest differences in the valuation increases for 2017-18,” a council document said.
“This will influence consideration of differential rates for 2017-18.”
It said average increases for improved residential and commercial were 2 per cent and improved industrial was 8 per cent.
The minimum payment has been set at $863 for improved residential properties and $883 for vacant residential and all commercial and industrial land.
Councillors voted unanimously to advertise the proposed rates for public comment.
Submissions close 4.30pm in June 12.
A further report, including public feedback, will be presented to the council at a future meeting.