Rating information
Rating statement based on general increase of 2% on ordinary rates and Catchments Remediation Rate The Independent Pricing and Regulatory Tribunal (IPART) is responsible for setting the maximum increase in general income councils can receive each year. Known as the rate peg, on 8 September 2020 IPART set the 2021/22 cap at 2%. (For more information, see ipart.nsw.gov.au) The 2% increase applies to the combined Ordinary (Residential, Farmland, Business, CBD Business and Shopping Centre Business) Rate and the Catchments Remediation Rate. The impact is as follows:
1. Ordinary Rates At its meeting of 9 June 2021, Council determined the following ordinary rating structure: A base amount of $582 for the Residential and Farmland categories Minimum rating for Hornsby CBD and Business categories be applied The rates yield in percentage terms per category is as follows:
◊ Residential 87.16%
◊ Business 6.75%
◊ Farmland 0.88%
◊ Hornsby CBD 3.44% ◊ Shopping Centre 1.77%.
The following rates in the dollar have been calculated on the 2% rate increase. Council will levy Ordinary Rates in 2021/22:
Category Residential
Rate in the $ (based on land value)
Minimum Rate
0.102876
Base Amount $
Base Amount %
% of Total Rate
$582
49%
87.16%
$582
29%
Basis of Local Categorisation Govt or Sub Yield $ Act Categorisation 61,450,784
Area Applicable
s516 Dominant use
Hornsby Shire
Farmland
0.086119
0.88%
620,430
s515 Dominant use
Hornsby Shire
Business
0.352569
$611
6.75%
4,758,981
s518 Dominant use
Hornsby Shire
Business – Hornsby CBD
0.476747
$611
3.44%
2,425,318
s529 Centre of Activity Hornsby CBD
Business – Shopping Centre
1.424409
n/a
1.77%
1,247,911
s529 Centre of Activity Hornsby CBD Shopping Centre
100%
70,503,424
Total
Rates are levied on properties in accordance with their categorisation. Properties are categorised as Residential, Business or Farmland based on their dominant use. The Hornsby CBD and Shopping Centre sub categories of the Business rate are levied on properties located within defined areas. Maps of the Hornsby CBD and Shopping Centre areas are available for viewing by contacting Council’s Revenue Team Leader on 9847 6650. Council sets the amount of the Minimum Rate, levied on Business properties, at the maximum permissible level determined by IPART each year. Council increases the base amount of the Ordinary Rate, levied on Residential and Farmland properties, by the same dollar value as the increase in the Minimum Rate, rounded up to the nearest whole dollar. The maximum amount of the Ordinary Rate base charge is capped at a value where the total yield from the base charge raises 50% of the total amount of the ordinary rate in each category.
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HORNSBY SHIRE COUNCIL
