Statement of Objects and Reasons for Differential Rating
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 0.134622 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 0.142662 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 0.124842 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 0.124494 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 0.117860 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 0.013750 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 0.008858 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.