Residential ad valorem rate wollongong

Your Council rates go towards providing services and facilities for the community, and the cost of running our city. This includes everything Council does, from 

Your Council rates go towards providing services and facilities for the community, and the cost of running our city. This includes everything Council does, from  5 Feb 2014 By comparison the average residential rate in Wollongong is $1,044, this average up, the ad valorem rate being charged businesses in. For residential rates, there are usually four parts that make up your bill: A flat base rate that everyone pays to spread out the cost of rates fairly across the city. A variable amount based on the value of your land. This is known as an ad valorem. The residential rate category has a ‘base rate’ which is a flat amount of $741.05; along with an ad-valorem amount, this spreads the burden of the rates across all rate payers. The business, farmland and mining rates are calculated on an ad-valorem basis with a minimum rate amount applicable. The following comments are made in respect of each ordinary rate to be levied by Council: Residential Section 516 as it relates to Wollongong City Council states that land is to be categorised as ‘residential’ if it is a parcel of rateable land valued as one assessment and: i Its dominant use is for residential accommodation, or Council has determined that 50% of its residential rate income will be levied as a base amount. Rating Category Name of sub-category Number of Properties Ad Valorem Rate $ Base (B)/ Minimum (M) Notional Income Yield Residential 76,833.97 0.248725 724.81(B) 111,380,225 Farmland 121.00 0.188532 934.60(M) 306,061 Business Ordinary 278.00 0.321037 46,116 The Ad Valorem rate is represented as a ‘rate in the dollar’ Table 1. Rating Category Name of sub-category Number of Properties Ad Valorem Rate * Base(B)or Minimum(M) Amount $ % Base or Minimum of Category Notional Income Yield Residential 78,748.76 0.00263611 $758.22 (B) 50.00% 119,418,075 Farmland 121.00 0.00198467 $981.91 (M) 4.13% 321,322

Special Rates Wollongong Mall Rate 73.00 0.00828395 1,136,889 Special Rates City Centre Rate 664.69 0.00080757 413,337 * Ad valorem Rate is presented as rate in dollar as this is how it will be presented on the rate notice TOTAL 170,567,260

5 Feb 2014 By comparison the average residential rate in Wollongong is $1,044, this average up, the ad valorem rate being charged businesses in. For residential rates, there are usually four parts that make up your bill: A flat base rate that everyone pays to spread out the cost of rates fairly across the city. A variable amount based on the value of your land. This is known as an ad valorem. The residential rate category has a ‘base rate’ which is a flat amount of $741.05; along with an ad-valorem amount, this spreads the burden of the rates across all rate payers. The business, farmland and mining rates are calculated on an ad-valorem basis with a minimum rate amount applicable. The following comments are made in respect of each ordinary rate to be levied by Council: Residential Section 516 as it relates to Wollongong City Council states that land is to be categorised as ‘residential’ if it is a parcel of rateable land valued as one assessment and: i Its dominant use is for residential accommodation, or Council has determined that 50% of its residential rate income will be levied as a base amount. Rating Category Name of sub-category Number of Properties Ad Valorem Rate $ Base (B)/ Minimum (M) Notional Income Yield Residential 76,833.97 0.248725 724.81(B) 111,380,225 Farmland 121.00 0.188532 934.60(M) 306,061 Business Ordinary 278.00 0.321037 46,116 The Ad Valorem rate is represented as a ‘rate in the dollar’ Table 1. Rating Category Name of sub-category Number of Properties Ad Valorem Rate * Base(B)or Minimum(M) Amount $ % Base or Minimum of Category Notional Income Yield Residential 78,748.76 0.00263611 $758.22 (B) 50.00% 119,418,075 Farmland 121.00 0.00198467 $981.91 (M) 4.13% 321,322

This special rate will provide Council with the funds to undertake the extensive roads capital expenditure program. Other Infrastructure Special Rate. Other Infrastructure Special Rate (commenced on 01/07/2013 for a period of 10 years). This special rate will provide Council with $2.5M to undertake the foothpath, kerb and gutter renewal program.

The following comments are made in respect of each ordinary rate to be levied by Council: Residential Section 516 as it relates to Wollongong City Council states that land is to be categorised as residential if it is a parcel of rateable land valued as one assessment and: i Its dominant use is for residential accommodation, or Under this method, a council must impose a rate per dollar ( ad valorem) of land value, with a minimum amount. The rate per dollar calculation uses the land's valuation and category. If the valuation multiplied by the rate per dollar falls below the minimum rate, a minimum rate will be charged.

The Ad Valorem rate is represented as a ‘rate in the dollar’ Table 1. Rating Category Name of sub-category Number of Properties Ad Valorem Rate * Base(B)or Minimum(M) Amount $ % Base or Minimum of Category Notional Income Yield Residential 78,748.76 0.00263611 $758.22 (B) 50.00% 119,418,075 Farmland 121.00 0.00198467 $981.91 (M) 4.13% 321,322

Rates are property-based taxes levied by local councils on property When councils determine rates using the ad valorem method, Rates for residential. Your Council rates go towards providing services and facilities for the community, and the cost of running our city. This includes everything Council does, from  5 Feb 2014 By comparison the average residential rate in Wollongong is $1,044, this average up, the ad valorem rate being charged businesses in.

Email council@wollongong.nsw.gov.au. Visit 41 Burelli Street, Wollongong. Mail Locked Bag 8821, Wollongong DC NSW 2500. Website Feedback. Site Map. Acknowledgement. We show our respect and acknowledge the Traditional Custodians of the Land, Elders past and present, and extend that respect to other Aboriginal and Torres Strait Islander people.

Council has determined that 50% of its residential rate income will be levied as a base amount. Rating Category Name of sub-category Number of Properties Ad Valorem Rate $ Base (B)/ Minimum (M) Notional Income Yield Residential 76,833.97 0.248725 724.81(B) 111,380,225 Farmland 121.00 0.188532 934.60(M) 306,061 Business Ordinary 278.00 0.321037 46,116 The Ad Valorem rate is represented as a ‘rate in the dollar’ Table 1. Rating Category Name of sub-category Number of Properties Ad Valorem Rate * Base(B)or Minimum(M) Amount $ % Base or Minimum of Category Notional Income Yield Residential 78,748.76 0.00263611 $758.22 (B) 50.00% 119,418,075 Farmland 121.00 0.00198467 $981.91 (M) 4.13% 321,322 Rates. Rating Charges. i. Rating Categories (Residential, Farmland,Mining,Business & Special Rates) ii. Interest Charges. iii. Revaluation. iii. Hardship Policy. iv The following comments are made in respect of each ordinary rate to be levied by Council: Residential Section 516 as it relates to Wollongong City Council states that land is to be categorised as residential if it is a parcel of rateable land valued as one assessment and: i Its dominant use is for residential accommodation, or Under this method, a council must impose a rate per dollar ( ad valorem) of land value, with a minimum amount. The rate per dollar calculation uses the land's valuation and category. If the valuation multiplied by the rate per dollar falls below the minimum rate, a minimum rate will be charged. Title Ad Valorem Tax (TAVT) - FAQ Vehicles, purchased on or after March 1, 2013 and titled in Georgia, are subject to Title Ad Valorem Tax (TAVT) and are exempt from sales and use tax and the annual ad valorem tax. Email council@wollongong.nsw.gov.au. Visit 41 Burelli Street, Wollongong. Mail Locked Bag 8821, Wollongong DC NSW 2500. Website Feedback. Site Map. Acknowledgement. We show our respect and acknowledge the Traditional Custodians of the Land, Elders past and present, and extend that respect to other Aboriginal and Torres Strait Islander people.

Rates. Rating Charges. i. Rating Categories (Residential, Farmland,Mining,Business & Special Rates) ii. Interest Charges. iii. Revaluation. iii. Hardship Policy. iv The following comments are made in respect of each ordinary rate to be levied by Council: Residential Section 516 as it relates to Wollongong City Council states that land is to be categorised as residential if it is a parcel of rateable land valued as one assessment and: i Its dominant use is for residential accommodation, or Under this method, a council must impose a rate per dollar ( ad valorem) of land value, with a minimum amount. The rate per dollar calculation uses the land's valuation and category. If the valuation multiplied by the rate per dollar falls below the minimum rate, a minimum rate will be charged. Title Ad Valorem Tax (TAVT) - FAQ Vehicles, purchased on or after March 1, 2013 and titled in Georgia, are subject to Title Ad Valorem Tax (TAVT) and are exempt from sales and use tax and the annual ad valorem tax.