All land except exempt land in the Shire of Goomalling is rated according to its Gross Rental Value (GRV) in townsites or Unimproved Value (UV) in the remainder of the Shire of Goomalling.
The general rates detailed above for the 2017/18 financial year have been determined by Council on the basis of raising the revenue required to meet the deficiency between the total estimated expenditure proposed in the budget and the estimated revenue to be received from all sources other than rates and also considering the extent of any increase in rating over the level adopted in the previous year.
The minimum rates have been determined by Council on the basis that all ratepayers must make a reasonable contribution to the cost of the Local Government services/facilities.
To provide equity in the rating of properties across the Shire the following rate categories have been determined for the implementation of differential rating.
| Description | Characteristics | Objects | Reasons |
|---|---|---|---|
| UV Rural Zone 2 | Properties within the Shire that are mainly closed development (small hobby farms) | The rate in $ is a 9% reduction of Rural Zone 3 | Rate is lower to bring some parity in the rates paid per hectare as Zone 2 are mainly closed development lots and are reflected in the reduced rate compared to Zone 3 |
| UV Rural Zone 3 | Properties within the Shire that is predominantly for rural use | The UV Rural Zone 3 rate in the $ levied is the base rate | Rate is resultant of the increased capacity of land production due to technology and better farming methods |
| UV Special Rural Residential Zone | Properties within the Shire that are rural residential situated adjacent to the Goomalling Townsite | In Special Rural Residential Zone, the rate in $ levied, is resultant of the area adjacent to the Goomalling Townsite having the beneficial affects. | The rate in the $ is levied as an intention to bring some parity in rates levied with these properties affected by GRV's in the Goomalling Townsite as the properties have the beneficial affects been close to the Goomalling Townsite |
| GRV Residential | Properties within the Townsite that are residential for housing | For the first time this year 17/18 Differential Rating has be introduced for the Gross Rental Valuations due to increase in GRV's for Residential and decreases in GRV's for commercials and light industrial. | Rate is resultant of the revaluation carried out by the VGO of a 22.09% increase from 5 years ago |
| GRV Industrial | Properties within the Townsite that are provided for industry | The rates applicable to relevant zones reflect the differential rating for an overall increase of 4% across the board for UV's and GRV's | Rate is resultant of the revaluation carried out by the VGO of a 6.12% reduction from 5 years ago |
| GRV Commercial | Properties within the Townsite that are provided for businesses in our community | The rates applicable to relevant zones reflect the differential rating for an overall increase of 4% across the board for UV's and GRV's | Rate is resultant of the revaluation carried out by the VGO of a 16.37% reduction from 5 years ago |
| GRV Urban Farmland | Properties within the Townsite that are farmland block but in the townsite boundary | Rate is resultant of the revaluation carried out by the VGO of a 14.57% reduction from 5 years ago |