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CITY OF GREATER GEELONG 2012-2013 Rating StRategy

CITY OF GREATER GEELONG 2012-2013 Rating StRategy

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The Farm rebate remained at 46.5%. This rebate provides ongoing rate relief to farmers (33% rebate<br />

2006-2007, 40% rebate 2007-2008, 45% for 2008-2010, 45% for 2009-2010, 46.5% for 2010-2011). In<br />

2011-<strong>2012</strong> a 46.5% rebate represented $2.3M.<br />

The pensioner concession will increase from $187.60 to $193.40 which is the movement in CPI for<br />

Melbourne as advised by the Australian Bureau of Statistics.<br />

The rate waiver provisions are retained for year 2 of 2010 valuation.<br />

Residential Rates Increases<br />

The total increase in rates and charges for a property with the average capital improved value of $328,762<br />

was $55.40 or 4.9%. This increase was made up of $41.20 for General Rates, and $14.20 for the Waste<br />

Collection service.<br />

Residential Properties<br />

2010-2011<br />

Rates on Av CIV $<br />

2011-<strong>2012</strong><br />

Rates on Av CIV $<br />

General Rates CIV x Rate in $ 841.09 882.29<br />

Municipal Charge 82.30 82.30<br />

Waste Collection Service 199.00 213.20<br />

Total Rates and Charges 1,122.39 1,177.79<br />

Page 18 <strong>Rating</strong> Strategy <strong>2012</strong>-<strong>2013</strong>

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