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 5% above the general income for the 2024/2025 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 | 0.0012301 | 0.0029314 | 0.0029750 |
| Minimum Rates | $860 for properties with a land value less than $699,130 | $1,316 for properties with a land value less than $448,932 | $1,316 for properties with a land value less than $442,352 |
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 | 0.0011899 | 0.0030253 | 0.0031603 |
| Minimum rate | $860 for properties with a land value less than $722,749 | $1,316 for properties with a land value less than $434,998 | $1,316 for properties with a land value less than $416,416 |
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 | 0.0012907 | 0.0033036 | 0.0035918 |
| Minimum rate | $860 for properties with a land value less than $666,305 | $1,316 for properties with a land value less than $398,353 | $1,316 for properties with a land value less than $366,390 |
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 |