Capital Value transition
- Under capital value, the way rates are divided amongst property owners will change but the overall rates revenue collected by the Council will not.
- The percentage of rates collected from each sector will also stay the same (residential 65%, commercial 34% and rural 1%).
- Property owners will pay their share based on capital value within each sector.
- Some property owners will receive a rates increase and some will receive a decrease.
Page reviewed: 25 Oct 2017 4:43pm