The Basis of Rates is Changing
THE WAY COUNCIL CALCULATE PROPERTY RATES IS CHANGING
WHY IS THIS HAPPENING?
The State Government has made changes to the Local Government Act which is the legislation that specifies the manner in which a Council raises property rates.
The Local Government Act 1999 has undergone significant reform, introduced over the past few years.
A significant change has been that Councils in South Australia can no longer use the Site Value of properties as the basis to calculate rates but must use the Capital, the Improved Value, of those properties. Councils must change to Capital Value for the 2024/25 Financial Year's Rating at the latest.
The District Council of Kimba and other Councils in the Eyre Peninsula are currently going through the process of
making this change to their rating systems. Kimba is seeking to change to Capital Value for the 2023/24 Financial Year's Rating to allow time to ensure that the rating system is changed within the timeframe provided in the legislation.
Further information can be found below.