AFTER evaluating community feedback; Greater Shepparton City Council has announced a revised distribution plan for revenue generated by property rates.
The plan has been designed with a view to apply the most appropriate revenue and rating to properties across the municipality.
Greater Shepparton City Council Mayor, Cr Kim O’Keeffe explained that, “A differential rating structure, provides Council the ability to distribute the rate burden, across the different groups of taxpayers, to help fund required services,” she said.
For each class of property, the revenue is distributed by utilising a differential rating structure and Capital Improved Value (CIV), as the valuation base; designed to encourage responsible management of land and buildings and ensure public safety risks are minimized.
In summary the split allocation will be, 100 percent of General Land, (land is not defined as farming, commercial, industrial or derelict, and that has a dwelling that is primarily used for residential purposes), 90 percent of Farmland and 205 percent of Commercial and Industrial land.
The new Derelict Property category will receive an allocation of 360 percent, and denotes any property that is prohibitive of occupation for living or working purposes, for a period of 12 consecutive months or more.
