City of Stirling Budget Newsletter

Gross Rental Value (GRV) update

Rates notice explainer 1. This is your payment reference.You should quote this number when you

rates bill but it is not set or controlled by the City. Please see the separate brochure produced by the State Government. 11. States whether your property is subject to a pensioner/ senior discount. 12. The amount you have to pay and the start dates if you choose to pay your rates in two instalments. 13. The amount you have to pay and the start dates if you choose to pay your rates in four instalments. 14. The amount you have to pay and the start dates if you choose to pay your rates in weekly instalments by the City’s direct debit option (rates smoothing). 15. The amount you have to pay and the start dates if you choose to pay your rates in fortnightly instalments by the City’s direct debit option (rates smoothing). 16. The amount you have to pay and the start dates if you choose to pay your rates in monthly instalments by the City’s direct debit option (rates smoothing). 17. Your waste passes and a free swim pass to either Stirling Leisure Centres – Terry Tyzack Aquatic Centre

contact the City about your account or when you make a payment. 2. This is the date the bill is due. 3. This is the date the bill was produced. 4. This is the street address of the property that this notice is related to. 5. The amount you have to pay and the due date if you choose to pay your rates in full. 6. This is the period the notice covers. 7. This is the individual number allocated to the property that this notice is related to. 8. The Valuer General’s Office (VGO) estimates how much you could expect to receive if you were to rent out your property. This is known as the Gross Rental Value or GRV. If you object to this value, please phone the VGO on (08) 9273 7373. 9. Depending on your property, you may be charged for the weekly collection of your recycling/rubbish bin, a pool inspection fee, a security charge, and residential and other rates. 10. This is the State Government Emergency Services Levy. This forms part of your total

Your annual rates are calculated using a Gross Rental Value (GRV) for your property, which is calculated by the Valuer General’s Office.The GRV estimates how much you could expect to receive if you were to rent out your property, and it also allows for outgoings such as rates and other property expenses. The Valuer General (Landgate) provides updated GRV figures to the City every three years. The Council then sets a ‘rate in the dollar’ figure to calculate your annual rates as a percentage of the assessed value depending on whether the property is residential, commercial, industrial or vacant. In 2022/23, the rate in the dollar will increase by 3.75 per cent. For our 96,000 residential ratepayers, the average rate will be $1,202.88, which is an increase of $42.28 on the average amount paid in 2021/22. Property owners have the right to appeal their assessed property value with the Valuer General’s Office within 60 days of the issue of this rates notice. For any questions about your GRV, please phone Landgate on (08) 9273 7373 or visit the Landgate website, www.landgate.wa.gov.au The table below shows differential and minimum rates for 2022/23. Rate in the $ amount Residential $0.059659 Commercial $0.054898 Industrial $0.060546 Vacant $0.082347 General Minimum Rate $893 Parkland Villas (under 36m 2 ) $742 Strata Titled Storage Units $579 Additional information on vacant rates: A higher rate in the dollar for vacant land was introduced in 2020/21 to encourage owners to develop their land to help create vibrant communities and support the local economy. The 2022/23 Budget includes a concession scheme to provide more support to owners while they are undertaking development. A concession was granted on 1 July 2022 to owners of land that has been classified as vacant for less than two years at that date. The concession will have the effect of reducing the rate in the dollar charged from the vacant rate to the relevant differential rate (residential, industrial or commercial). of your property; i.e. GRV x rate in the dollar. The City charges a different rate in the dollar

Inglewood, Leisurepark Balga or Scarborough Beach Pool.