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  • Writer's pictureThe Beagle

Land valuations and your rates

Property owners have recently received their updated land valuations from the NSW Government. The average value of land in Eurobodalla has increased by 61 percent since 2019, with some properties more than doubling.

These increases in land values will not result in similar increases in rates.

Council’s total general rates income can only increase by 4.3 percent next financial year, as set by the Independent Pricing and Regulatory Tribunal. This means they recalculate and reduce rates charges to stay within that limit.

Calculation of general rates

All properties have a base charge of $569.50, with a variable added charge based on land value and property category – either residential, business or farmland.

For example, the average residential property with a land value of $522,766 will incur a general rate of $1,140.36. This charge is made up of the $569.50 base charge plus the $570.86 variable charge (0.001092 x $522,766).

Other charges you may see on your rates notice include environmental levy, water charge, sewerage charge, garbage availability charge, garbage collection service charge, waste management charge and stormwater charge

Rates notices will be issued in late July. Visit Council's rates and payments web page for more information on how Council calculates your rates.


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NOTE: Comments were TRIALED - in the end it failed as humans will be humans and it turned into a pile of merde; only contributed to by just a handful who did little to add to the conversation of the issue at hand. Anyone who would like to contribute an opinion are encouraged to send in a Letter to the Editor where it might be considered for publication

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