Public Notice of Intention to Levy Differential Rates 2024/25
This consultation is now closed.
As part of the annual budget setting process, the City of Vincent is seeking comment from ratepayers on the proposed differential rates and minimum payments for the next financial year.
Background
Local governments impose rates on the properties within their district to raise revenue to fund the services and facilities provided to residents and visitors.
Differential rates allow Vincent to apply rates differently according to property classification, which helps to ensure a more equitable ratings system.
The Gross Rental Valuation (GRV) is determined by the Valuer General's Office and is the value used to calculate the total value of rateable properties.
The rate in dollar figure is calculated by dividing the total amount of money to be raised in general rates by the total value of all rateable properties per category. This figure is then used to help determine the rate amount for each property.
Minimum rates are imposed when the amount calculated by the rates formula is less than the amount any property must pay to contribute to the cost of services provided by Vincent, regardless of the GRV of their property.
The final rate figure applied to each property in the City of Vincent will vary based on the applicable rate in the dollar and the GRV for the property. These figures will not be available until after Council has finalised the annual budget process in June.
At the meeting on 21 May 2024, Council approved the advertising of its intention to levy differential rates and minimum rates in 2024/25 and to invite submissions from ratepayers.
Council will consider this community feedback as part of the adoption of the budget.
Project details
The City of Vincent gives notice of our intention to impose differential rates for each rating category in the 2024/25 rating year as follows.
| Rating category | Rate in dollar | Minimum rates |
| Residential | 0.0782579 | $1,451.23 |
| Vacant – Residential | 0.0844727 | $1,331.75 |
| Vacant – Commercial | 0.1421566 | $1,773.27 |
| Other | 0.0737357 | $1,400.59 |
More information explaining the proposed rates is available here.
Share your feedback
This consultation is now closed.
Comments on the proposed differential rates and minimum payments can be submitted by 5pm Wednesday, 12 June 2024.
- By completing the survey below
- By email to mail@vincent.wa.gov.au
- By letter to Chief Executive Officer, City of Vincent, PO Box 82 Leederville WA 6902
- In person at the City of Vincent Administration Centre, 244 Vincent Street (corner Loftus Street), Leederville (during opening hours)
For further information
A statement of the objects and reasons outlining the proposed differential rates and minimum payments can be viewed in the documents section to the right of this page.
For more information contact the Coordinator Rates and Receivables on (08) 9273 6000 or email mail@vincent.wa.gov.au
Information on this page is available in alternative formats on request.
