CITY OF GREATER GEELONG 2012-2013 Rating StRategy

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Major Industrials There is no change to the 2010 valuation for Aluminium tariffs reflecting uncertainly regarding future land use. The movement in automobile valuation of 14.50% includes a specific increase for plant and equipment provisions in accordance with Valuer general instructions. Petroleum land declined by 4.1%. Late Licence Late Licence valuations have increased by 6.1%. There are 28 properties within the Late Licence category, or an increase of 1 property since 2010. Charitable Housing Prior to the 2011-2012 budget a review was conducted of housing provided for social, community or charitable purposes. Commencing from 2011-2012 all housing provided by Housing Associations, charitable or government organisations will be rated in accordance with legal precedent and the Local Government Act. A Housing Support rebate will again be provided on application for Transitional, Crisis or Emergency housing provided by charitable organisations. The rebate will also be provided on application for housing provided by Geelong Legacy Club or the RSL and housing provided by charitable organisations to support disabled people. Rebates will be for 100% of general rates and the municipal charge. A Transitional rebate of 50% of general rates and municipal charges will be provided in 2012-2013 for nominated charitable housing properties that have previously not been rated to allow for a smooth transition in the rateable status of these properties. Assistance for low income households is already provided through the State Government pension rebate and the means tested rent provided by the Department of Housing and the Housing Associations. Rates Assistance It is proposed to continue the rate relief provisions to allow for the continuation of a one-off waiver for residential and farm properties where the valuation has increased greater than 50% and is purely the result of market factors, not the result of improvements to property by the owner. The amount of the waiver be set, commencing at 25% rebate for valuation increases at 50% and up to 50% rebate for valuation increases at 60% or greater. The waiver is designed to mitigate the rates shock of a valuation increase and is only claimable once in a two year valuation period. Council also provides a range of assistance measures to suit individual needs including pension rebates, farm rebates, rates deferral, and payment options such as regular Direct Debit, and Centrepay. Rating Model Key features of the Rating Model are: • The Residential Rate has been set at $0.002544 per $ of CIV valuation or 4.9% average increase. • Vacant land rates will increase on average 4.9% and the rate in $ relativity to residential has reduced from 137.9% to 133.7%. • Commercial rates will increase on average 4.09% and Industrial rates on average 3.8%. • Automobile rate increase to average 3.9% consistent with Industrial increase. • Petroleum and Aluminium rate in $ has been set at the maximum 4 times the lowest rate. • Farm rate has once again been set as per the Residential rate. The Farm Rebate is applicable to all Farm land and has been reduced to 36.2% from 46.5%. The farm rebate applies to encourage the retention of broad acre farming. Farm land use requires land to be used as a sustainable business to ensure the rebate is directed to operating farms. Page 6 Rating Strategy 2012-2013
Other changes proposed for 2012-2013 are: Municipal Charge The purpose of the municipal charge is to recover some of the administrative costs of the Council. The charge is applied to all rateable properties and is proposed to be increased from $82.30 to $86.33. Where rates are a variable charge levied on CIV at a rate in the dollar, the municipal charge is a fixed contribution on all ratepayers. Recycling and Waste Collection Service Charge The Annual Service Charge is proposed at $226.00 for each rateable land and non-rateable land. The charge be levied on the following criteria: • Geographic existence within those areas of the municipal district in which Council provides a domestic refuse collection and disposal service. • The charge will be raised irrespective of whether the service is used or not. The Waste Collection Service charge is calculated based on a fee for service, including direct, indirect and overhead costs. The charge is impacted by the closure of Corio Landfill, cost estimates for the introduction of Carbon Tax and the increase in the EPA levy of $4 per tonne on waste going to landfill. The charge for 2012-2013 will increase from $213.20 to $226.00 or 6.0%. Farm Rebate The Farm rebate will reduce to 36.2% with average rates increasing by 4.9%. This rebate provides ongoing rate relief to farmers (33% rebate 2006-2007, 40% rebate 2007-2008, 45% 2008-2010, 45% for 2009-2010, 46.5% for 2010-2011, 46.5% for 2011-2012). In 2012-2013 a 36.2% rebate represents a cost to Council of $1.3M. Pensioner Concession The pensioner concession will increase from $193.40 to $198.20 representing a 2.5% increase. Residential Rates and Charges The general revaluation movement of 10.2% together with growth from increase in property numbers due to new assessments and building improvements have increased the average Capital Improved Value of residential properties within the municipality from $328,762 to $363,800. The total increase in rates and charges for the average property with a capital improved value of $363,800 is $60.06 or 5.1%. This increase is made up of $43.23 for General Rates, $4.03 for Municipal Charge and $12.80 for the Waste Collection service. 2011-2012 Rates on Av CIV $ 2012-2013 Average Rates $ Increase % Residential Properties General Rates CIV x Rate in $ 882.28 925.51 4.9% Municipal Charge 82.30 86.33 4.9% Waste Collection Service 213.20 226.00 6.0% Total Rates and Charges 1,177.78 1,237.84 5.1% Rating Strategy 2012-2013 Page 7
Page 1: City of Greater Geelong 2012-2013 R
Page 4 and 5: Charitable and Not-for-Profit Organ
Page 6 and 7: income and other assets to be treat
Page 8 and 9: Residential Overall 94,809 resident
Page 12 and 13: Future Issues The Victorian Governm
Page 14 and 15: The Strategy provided for the conti
Page 16 and 17: or can demonstrate that they are of
Page 18 and 19: These increases were required in or
Page 20 and 21: 2010-2011 2010 Revaluation The 2010
Page 22 and 23: The Farm rebate remained at 46.5%.
Page 24 and 25: However, Geelong Council must provi
Page 26 and 27: Strategic Directions Council has de
Page 28 and 29: The total value of the municipality
Page 30 and 31: The general objectives of each of t
Page 32 and 33: (c ) Location Specific: All the lan
Page 34 and 35: Differential Rates for Year 2012-20
Page 36 and 37: Service Charges - LGA Section 162 A
Page 38 and 39: Decision Process for determining Mi
Page 40 and 41: The land definition does not includ
Page 42 and 43: Reason for Policy: Councils view is
Page 44 and 45: Transitional Rebate For 2012-2013 C
Page 46 and 47: Council cannot apply an alternative
Page 48 and 49: The property criteria to be met is
Page 50 and 51: Waiver of Rates - LGA Sections 171
Page 52 and 53: Page 48 Rating Strategy 2012-2013
Page 55 and 56: REVALUATION SCHEDULES BY SUBURB - G
Page 57 and 58: Row Labels No. of Properties Sum of
Page 59 and 60: Row Labels No. of Properties Sum of
Page 61 and 62:
Row Labels No. of Properties Sum of
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Row Labels No. of Properties Sum of
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Council Rates COUNCIL POLICY Docume
Page 69 and 70:
iii. Location Specific: All the lan
Page 71 and 72:
Ratepayer Name Geelong & Dist Angli
Page 73 and 74:
5.2. Rating Strategy Parameters to
Page 75:
5.5. Rate Review 5.5.1. Rateable an
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CITY OF GREATER GEELONG 2012-2013 Rating StRategy

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