Will rate capping affect my valuation?
The annual revaluation may change the overall percentage increase of your rates. In some cases, ratepayers will find that their rates bill has changed by more or less than the current rate cap from the previous year.
There are reasons this may occur, including:
- the valuation of the property has increased greater than the valuation of other properties in the municipality
- the inclusion of other rates and charges not covered by the Government’s rate cap policy have increased
- the application of any differential rate by council.