This also includes a 3.9 per cent increase to the 2013-14 minimum payment to make it $797 for residential properties and $814 for commercial and industrial.
Differential rates were first introduced in the 2008-09 financial year to maintain the distribution of burden between residential, commercial and industrial properties.
There was a revaluation of all City of Joondalup properties in 2011-12 and another will be conducted for 2014-15. This means some homeowners might find their rates have gone up more than the 3.9 per cent increase because of a change in the Gross Rental Value of their property.
‘By continuing with a differential rating system this year, the City believes this will go some way to lessening the rates burden on those sectors of the community most affected by valuation increases,’ Joondalup Mayor Troy Pickard said.
‘The draft 2014-15 budget has been finalised and an overall rate increase of 3.9 per cent reflects discussions and feedback from recent budget workshops held.’
People have until June 20 to provide submissions on the 3.9 per cent rate rise and the minimum payment. Once submissions have been considered, the 2014-15 budget can be adopted.