Rates are a tax on of a property owner’s share of the total value of land within the Local Government area. Generally, the greater your share of total land wealth within your Local Government area, the higher your rates. In Edward River Council our annual rates and charges can be made up of five components: rates levy, water service levy, sewer service levy, stormwater management service and domestic waste service depending on where you live.
Under legislation each property must be included in one of three categories for rating purposes in the Edward River LGA: residential, business, and farmland. Council decides which category your property should be in based on its characteristics and use.
The rates levy is made up of two parts: a fixed charge and a variable charge.
For the business rate a minimum rate is set each year. This means that if the result of your rate calculation does not reach a certain amount (minimum), then the amount of your rates will be equivalent to the minimum rate. For example: If your business is in Deniliquin and the land value multiplied by the rate in the dollar came in at $480.00, then you will be charged the minimum rate of $554.00 in 2023/2024.
- Business Town - $554.00
- Business Other - $485.00
For residential and farmland Council sets a base rate (fixed) in addition to the rate in the dollar. Base rates are used to reduce the rate in the dollar for both residential and farmland rates.
- Residential Town - $461.00
- Residential Deniliquin Other - $461.00
- Residential Other Conargo - $197.00
- Farmland Dry - $583.00
- Farmland Irrigable - $583.00
The variable amount is divided by the total value of all rateable properties after the fixed amount has been deducted. Council determines the amount to be paid based on the assessed value of each property. The ‘rate in the dollar’ of your land category is applied to the value of the land. The variable amount is calculated by multiplying your land valuation by the “ad valorem” or “rate in the dollars” method and apply different “rates in the dollar” for different property categories, please refer to Council’s Revenue Policy.
The formula for calculating ordinary rates, excluding any additional charges or arrears, is:
General rates = (land valuation x rate in the dollar) divided by 100
The calculation for Residential Town - Deniliquin: residential land valued at $100,000 would be:
Land valuation: $100,000
Rate in dollar x 0.00596500
$100,000 x 0.005965 = $596.50
Plus, base rate $461=$1,057.50