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This calculator has been updated to include newly issued 1 July 2022 Land Values for both Base and proposed SRV scenario.
You will need your old and new land values. Please call Council for assistance if needed.
Your new 1 July 2022 Land Value can be found on the Notice of Valuation letter recently issued by the Valuer General NSW. Alternatively, you can find your new Land Value online by visiting Valuer General Land Value Search
NOTE: The Rates Calculator works best with a Desktop/Laptop Computer OR Tablet. For Mobiles, enter the required information, scroll to the bottom and follow the instructions to download a PDF copy of the results.
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Council assumes and applies the rate cap of 4.4% for the 2023-2024 year and then assumes a 2.5% increase under the current rate capping regime.
A three (3) year SRV for 9.5% each year. Results in a 31.29% Cumulative Increase. After three (3) years the normal rate cap increases of 2.5% will resume.
Council assumes and applies a regular 2.5% increase to rates under the current rate capping regime.
Option 1 is a four (4) year SRV with varying amounts each year. Results in a 38.56% Cumulative Increase. After four (4) years the normal rate cap increases of 2.5% will resume.
The single year scenario is a one (1) year SRV for 26%. After one (1) year the normal rate cap increases of 2.5% will resume.
The independent recommendation scenario is a three (3) year SRV for 10.5% each year. Results in a 34.92% Cumulative Increase. After three (3) years the normal rate cap increases of 2.5% will resume.
Option 3 is a four (4) year SRV for with varying amounts each year. Results in a 29.68% Cumulative Increase. After four (4) years the normal rate cap increases of 2.5% will resume.
Option 5 is a four (4) year SRV for 9.75% each year. Results in a 45.08 Cumulative Increase. After four (4) years the normal rate cap increases of 2.5% will resume.
Option 1 is a four (4) Year SRV with varying amounts each Year. Results in a 38.56% Cumulative Increase. After four (4) Years the normal rate cap increases of 2.5% will resume.
The single year scenario is a one (1) Year SRV for 26%. After one (1) Year the normal rate cap increases of 2.5% will resume.
The independent recommendation scenario is a three (3) Year SRV for 10.5% each Year. Results in a 34.92% Cumulative Increase. After three (3) Years the normal rate cap increases of 2.5% will resume.
Option 3 is a four (4) Year SRV for with varying amounts each Year. Results in a 29.68% Cumulative Increase. After four (4) Years the normal rate cap increases of 2.5% will resume.
Option 5 is a four (4) Year SRV for 9.75% each Year. Results in a 45.08 Cumulative Increase. After four (4) Years the normal rate cap increases of 2.5% will resume.
DISCLAIMER
PERMANENT IN NATURE
The proposed SRV options are to be retained permanently in the rate base.
In the year following the end of the SRV and in future years, the rate peg percentage increase will apply to the increased rate level from the SRV, and not return to the rate level with the rate peg only.
This means rates will stay at the increased level and then only increase by the rate peg percentage after the SRV period finishes.
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