How rates are calculated in Cumberland City Council
The Independent Pricing & Regulatory Tribunal (IPART) for Local Government determined that Cumberland City Council may increase its general income by not more than 3.7% above the general income for the 2023/2024 financial year.
Rates are calculated based on the property value as determined by the NSW Valuer General. A rate in the dollar is applied to the property value, subject to a minimum amount. The 2022 base date land valuations were used for rating purposes. Further details are provided below.
How rates are calculated in the former Holroyd area
| Residential Rate | Business Rate | Industrial and Multi Level Shopping Centre Rate | |
|---|---|---|---|
| Rate for each dollar of unimproved land value | 0.0012632 | 0.0025681 | 0.00281 |
| Minimum Rates | $785 for properties with a land value less than $621,438 | $1,259.33 for properties with a land value less than $490,374 | $1,259.33 for properties with a land value less than $448,160 |
How rates are calculated in the former Auburn area
| Residential Rate | Business Rate | Industrial and Multi Level Shopping Centre Rate | |
|---|---|---|---|
| Rate imposed on each dollar of unimproved land value | 0.0011616 | 0.0027454 | 0.0027567 |
| Minimum rate | $785 for properties with a land value less than $675,792 | $1,259.33 for properties with a land value less than $458,705 | $1,259.33 for properties with a land value less than $456,825 |
How rates are calculated in the former Parramatta area
| Residential Rate | Business Rate | Industrial and Multi Level Shopping Centre | |
|---|---|---|---|
| Rate imposed on each dollar of unimproved land value | 0.0012802 | 0.0034738 | 0.00370 |
| Minimum rate | $785 for properties with a land value less than $613,185 | $1,259.33 for properties with a land value less than $362,522 | $1,259.33 for properties with a land value less than $340,359 |
Stormwater charges
The following stormwater charges apply to each rateable property.
| Residential Rate | Business Rate | Industrial and Multi Level Shopping Centre Rate | |
|---|---|---|---|
| Stormwater charge | $25 | $25 per 350 square metres, capped at $500 per property maximum | $25 per 350 square metres, capped at $500 per property maximum |
| Stormwater charge strata properties | $12.50 | $12.50 | $12.50 |