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 2.5% above the general income for the 2022/2023 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 | 0.0021119 | 0.00489 | 0.005016 |
| Minimum Rates | $715 for properties with a land value less than $338,558 | $1,214.40 for properties with a land value less than $248,344 | $1,214.40 for properties with a land value less than $242,105 |
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 | 0.0016979 | 0.003894 | 0.004672 |
| Minimum rate | $715 for properties with a land value less than $421,108 | $1,214.40 for properties with a land value less than $311,864 | $1,214.40 for properties with a land value less than $259,932 |
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 | 0.0018729 | 0.005455 | 0.006953 |
| Minimum rate | $715 for properties with a land value less than $381,761 | $1,214.40 for properties with a land value less than $222,621 | $1,214.40 for properties with a land value less than $174,658 |
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 |