Rate capping
Rate capping was introduced by the State Government in 2016. It prevents Council from collecting more rates revenue than the annual rate cap without seeking additional approvals.
The rate amount each property increases or decreases compared to the Rate cap (2.75%) is based on the percentage of the valuation movement of an individual property compared to the overall valuation movement of all properties in the Municipality. This means some property rates will increase by more than the rate cap and some property rates will increase by less than the rate cap or even decrease.
For more information on rate capping visit the Essential Service Commission website.
Rate cap amount
The Rate cap for 2024-2025 will be 2.75%. In comparison, the previous rate caps (based on CPI) have been:
| Rate cap (%) |
| Year |
Amount |
| 2017-2018 |
2.00% |
| 2018-2019 |
2.25% |
| 2019-2020 |
2.50%
|
| 2020-2021 |
2.00%
|
| 2021-2022 |
1.5%
|
| 2022-2023 |
1.75% |
| 2023-2024 |
3.5% |
| 2024-2025 |
2.75% |
Effects of rate capping
Each year, your rates help to fund construction, maintenance and services in our community. Rate capping may restrict Council’s ability to deliver new initiatives and major projects in the future.
You can find out more about What your rates pay for.