Rockingham ratepayers facing 8-year low increase to rates

Picture: Jon Hewson
Picture: Jon Hewson

CITY of Rockingham ratepayers could face their lowest rate rise in eight years after a small increase was proposed at the council’s Tuesday meeting.

At the May 23 meeting a proposed rise of 3 per cent for the 2017-18 financial year was approved for public comment.

Ratepayers will have a month to submit in writing to the City any thoughts on the proposed rise.

Mayor Sammels said they were aware of the sensitivity from ratepayers around previous years’ rate increases.

“We have always been conscious of that,” he said. “We had a lot of catching up to do and now I think we have got to a stage where we think we are at a reasonable level.”

“We always said when we got to that level we would reduce the percentage increase of rates.”

A report presented at the meeting stated it was needed to service current and future city requirements.

It was based on suitable financial models that meet the City’s need to spend significant resources on asset preservation and creation of new infrastructure to support growing populations.

Its business plan indicated a need to generate $82.555 million in rates for the 2017-18 financial year.

If applied it would raise $81.839 million.

It does not include interim rates that are expected to make up the balance of the required amount.

It applies to Gross Rental Valuation (GVR) properties that make up 99.4 per cent of all the City’s total rates levied.

That equates to an extra $33, taking the minimum GVR from $1085 to $1118 for the 2017-18 year or a differential general rate of 6.766 cents in the dollar.

Non Residential GRV properties face a differential rate of 8 cents in the dollar.

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