How your rates are calculated

Rates are calculated based on Gross Rental Value (GRV) which is supplied by the Valuer Generals Office. The GRV is the annual rental valuation of the property. Where the property is vacant land, an equivalent GRV, based on 5% of the property value, is used.

Gross Rental Valuation_2021.JPG

The calculation of rates is worked out as follows:

  • GRV x rate in the dollar (9.563 cents for 22/23 financial year) = residential rates.
  • GRV x rate in the dollar (1.6213 cents for 22/23 financial year)  = Emergency Services Levy.
  • Minimum rate: $1,186
  • Late payment penalty interest: 7%
  • Instalment administration fee: $30
  • Instalment interest: 4%

The Town's rate in the dollar is determined when Council sets its annual budget. Prior to adopting the budget, there is a public comment period to give residents and ratepayers an opportunity to express their views about the proposed budget. You can view the consultation for the 2023/2024 rates on the Town's Your Thoughts page


Gross Rental Value explained

Gross Rental Value is the gross annual rental income that a property might reasonably be expected to earn annually if it were rented. This figure is provided to us by Landgate.

Every three years Landgate undertakes a major review of all GRVs which is this year.

The calculation of the GRV for a residential property is based on many factors, including:

  • location
  • age and size of the property
  • additional facilities (including carports or below ground pools)
  • proximity to services (schools, public transport, shops etc.)

We use the GRV of your property to calculate the rate in the dollar which, multiplied by your GRV, gives us your final rate amount.

 You can find out more about Gross Rental Valuations on the Landgate website