Wednesday, September 17, 2008

Rates Increase by 6.95%

Ratepayers should have recently received their 2008/2009 rate notices with the Greater Shepparton City Council issuing about 27,000 notices last week. Outgoing Chief Executive Officer Bob Laing said the revaluation of all properties every two years is a requirement of state government legislation and contrary to common perception, an increase in property values does not mean councils will receive more in rates. In contrast to what Mr Laing just indicated, he said this year the Council will raise more than $41.5 million in total rates and charges revenue which is an increase of 6.95 per cent on the 2007/08 levels.