Proposed differential rates for the 2021-22 financial year will be considered by Wanneroo Council at the Briefing Session on Tuesday 4 May 2021 and the Ordinary Council Meeting on Tuesday 11 May 2021.
An update on Council’s decision regarding the proposed differential rates will be published on the City’s website following the Ordinary Council Meeting on 11 May 2021.
For more information about the rate in the dollar, please see the Frequently Asked Questions below.
Frequently Asked Questions
How is the rate in the dollar calculated?
The City sets different rates in the dollar for different categories of rateable properties. For example, ‘residential improved’, ‘residential vacant’, ‘commercial/industrial improved’ and ‘commercial/industrial vacant’ – each paying a higher or lower rate in the dollar. Differential rates are used to achieve greater equity and efficiency.
The rate in the dollar is determined by dividing the rates revenue required by the combined rental value of all rateable properties within that category (this is set by the Valuer General) in the City.
What are the next steps to determine the rate in the dollar for the City of Wanneroo?
A proposal regarding differential rates for the 2021-22 financial year will be considered by Wanneroo Council at the Briefing Session on Tuesday 4 May 2021 and the Ordinary Council Meeting on Tuesday 11 May 2021.
Approved differential rates will be advertised in the Community Newspaper upon Council approval.
Will there be a rate in the dollar increase this year?
An update on Council’s decision regarding the proposed differential rates for 2021-22 will be published on the City’s website following the Ordinary Council Meeting on 11 May 2021.
Will properties be re-valued this year?
Only properties with an unimproved value (UV) are being re-valued this year, as they are every year. Properties with a Gross Rental Value (GRV) will not be revalued again until 2023.
Landgate calculates GRV and UV. GRV represents the gross annual rental that a property might reasonably be expected to earn annually if it were rented, including rates, taxes, insurance and other outgoings. The GRV is not related to a bank valuation or the price you could potentially sell your property for.
UV is the fair market value of your property and does not take into account any improvements on your property such as a house or sheds.