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 2% above the general income for the 2021/2022 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 2019 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 | 0.0021739 | 0.00530 | 0.00465 |
| Minimum Rates | $650 for properties with a land value less than $299,002 | $1,200 for properties with a land value less than $226,416 | $1,200 for properties with a land value less than $258,065 |
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 | 0.0015996 | 0.00360 | 0.00430 |
| Minimum rate | $650 for properties with a land value less than $406,352 | $1,200 for properties with a land value less than $333,333 | $1,200 for properties with a land value less than $279,070 |
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 | 0.0018550 | 0.006000 | 0.007400 |
| Minimum rate | $650 for properties with a land value less than $350,404 | $1,200 for properties with a land value less than $200,000 | $1,200 for properties with a land value less than $162,162 |
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 | $25 |
| Stormwater charge strata properties | $12.50 | $12.50 | $12.50 |