City of Greater Bendigo Budget 2015/2016

APPENDIX B
2. Rates
2.1 Rates to be levied
The rate and amount of rates payable in relation to land in each category of rate are:
• A general rate of 0.4113% (0.4113 cents in the dollar of CIV) for all rateable general properties.
The total amount raised from the general rate in 2015/16, exclusive of supplementary rates will
be $60,534,889. General rate type properties include properties with residences erected.
• A differential rate of 0.7609% (0.7609 cents in the dollar of CIV) for all rateable
commercial/industrial A properties. The total amount raised from the commercial/industrial A
differential rate in 2015/16, exclusive of supplementary rates will be $10,225,982.
• A differential rate of 0.7403% (0.7403 cents in the dollar of CIV) for all rateable
commercial/industrial B properties. The total amount raised from the commercial/industrial B
differential rate in 2015/16, exclusive of supplementary rates will be $718,905.
• A differential rate of 0.7814% (0.7814 cents in the dollar of CIV) for all rateable
commercial/industrial C properties. The total amount raised from the commercial/industrial C
differential rate in 2015/16, exclusive of supplementary rates will be $7,156,374.
• A differential rate of 0.3496% (0.3496 cents in the dollar of CIV) for all rateable farm properties.
The total amount raised from the farm differential rate in 2015/16, exclusive of supplementary
rates will be $2,355,965.
• A differential rate of 0.5141% (0.5141 cents in the dollar of CIV) for all rateable non
commercial/industrial zoned vacant land properties. The total amount raised from the vacant
land differential rate in 2015/16, exclusive of supplementary rates will be $3,945,615.
• A differential rate of 0.7609% (0.7609 cents in the dollar of CIV) for all rateable other land
properties. The total amount raised from the other land differential rate in 2015/16, exclusive of
supplementary rates will be $0.
• A rating concession of 0.20565% (0.20565 cents in the dollar of CIV) for all rateable class 1
cultural and recreational properties. The total amount raised from the cultural and recreational
class 1 differential rate in 2015/16, exclusive of supplementary rates will be $10,920.
• A rating concession of 0.10280% (0.10280 cents in the dollar of CIV) for all rateable class 2
cultural and recreational properties. The total amount raised from the cultural and recreational
class 2 differential rate in 2015/16, exclusive of supplementary rates will be $19,196.
• A rating concession of 0.04113% (0.04113 cents in the dollar of CIV) for all rateable class 3
cultural and recreational properties. The total amount raised from the cultural and recreational
class 3 differential rate in 2015/16, exclusive of supplementary rates will be $4,137.
• A rating concession of $379.00 for all rateable class 4 cultural and recreational properties. The
total amount raised from the cultural and recreational class 4 differential rate in 2015/16,
exclusive of supplementary rates will be $6,822.
• A rating concession of $497.00 for all rateable class 5 cultural and recreational properties. The
total amount raised from the cultural and recreational class 5 differential rate in 2015/16,
exclusive of supplementary rates will be $9,443.
Each differential rate (excepting class 4 and class 5 cultural and recreational properties) will be
determined by multiplying the Capital Improved Value of each rateable land (categorised by the
characteristics described below) by the relevant percentages indicated above.
City of Greater Bendigo considers that each differential rate will contribute to the equitable and
efficient carrying out of City of Greater Bendigo functions. Details of the objectives of each
differential rate, the types of classes of land, which are subject to each differential rate and the uses
of each differential rate, are set out below.
Greater Bendigo City Council Budget – 2015/16 71