Statement of Objects and Reasons for Differential Rating

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All land except exempt land in the Shire of Toodyay is rated according to its Gross Rental Value (GRV) in townsites or Unimproved Value (UV) in accordance with the requirements of s6.28 of the Local Government Act 1995.  The rates in the dollar ($) for the various differential rates are calculated to provide the shortfall in income required to enable the Shire to provide necessary works and services in the 2019-20 financial year after taking into account all non-rate sources of income.  This statement is provided pursuant to S6.36 of the Local Government Act 1995.

GRV - Residential

The rate in the $ of 0.12943 has been set to ensure that the proportion of total rate revenue derived from residential property remains consistent with previous years. This is based on the total raised from all properties now rated as Residential.

GRV - Commercial

The rate in the $ of 0.14020 has been set to ensure that the proportion of total rate revenue derived from commercial property remains consistent with previous years and recognises the higher demand on Shire infrastructure and services from the activity on the commercial property.

GRV - Industrial

The rate in the $ of 0.12483 of has been set to ensure that the proportion of total rate revenue derived from industrial property remains consistent with previous years and recognises the higher demand on Shire infrastructure and services from the activity on the industrial property.

GRV - Rural

The rate in the $ of 0.11869 has been set to ensure that the proportion of total rate revenue derived from these properties remains consistent with previous years.

GRV - Rural Residential

The rate in the $ of 0.11260 has been set to ensure that the proportion of total rate revenue derived from these properties remains consistent with previous years, notwithstanding that in previous years these properties had been rated as UV General.

UV - General

The rate in the $ of 0.01168 has been set to ensure that the proportion of total rate revenue derived from rural small holdings remain consistent with previous years.

UV - Rural

The rate of 0.008969 has been set to ensure that broadacre farming properties, those over 100 hectares and used for grazing or cropping, are not adversely affected by the valuation changes resulting from the preponderance of rural small holdings.

Minimum Payment all categories

A minimum payment of $1,351 is applied to GRV & UV properties in recognition that every property receives some minimum level of benefit from works and services provided.  The minimum payment helps encourage development and discourage speculation.  The minimum rate has increased.