The overall object of the City’s differential rates is to raise rate revenue in a manner that is simple, efficient and equitable to all ratepayers within the district. The reasons for each differential rate are as follows:
Differential Rates – Gross Rental Valuations (GRV)
Residential (Vacant/Improved)
The object of this category is to apply a differential general rate and minimum payment to land zoned or used or held for residential purposes. And to act as the City’s benchmark differential rate and minimum payment by which all other GRV rated properties are assessed.
The reason for this rate is to ensure that all ratepayers make a reasonable contribution towards the ongoing maintenance and provision of works, services and facilities throughout the City.
Holiday Homes
The object of this category is to apply a differential rate and minimum payment to land used or held for Holiday Home purposes.
The reasons for this rate is in order to assist with the funding of Tourism and Marketing and related projects throughout the district as well as the management and compliance of the holiday home sector.
Commercial/Industrial (Vacant/Improved)
The object of this category is to apply a differential rate and minimum payment to land zoned or used or held for Industrial and Commercial purposes.
The reason for this rate is in order to raise additional revenue to fund Tourism and Marketing and related projects throughout the district.
Differential Rates – Unimproved Valuations (UV)
Primary Production
The object of this category is to apply a base differential general rate to land zoned or used or held typically for bona-fide farming and is to act as the City’s benchmark differential rate by which all other UV rated properties are assessed.
The reason for this rate is to ensure that all ratepayers make a reasonable contribution towards the ongoing maintenance and provision of works, services and facilities throughout the City.
UV Rural
The object of this category is to apply a base differential general rate to land zoned or used or held typically for non-primary production or non-commercial purposes.
The reason for this rate is to acknowledge that the majority of properties in this category are typically of a rural residential nature and that the level of rating should be more reflective of such use.
UV Commercial
The object of this category is to apply a base differential general rate to land zoned or used or held and used typically for non-agricultural commercial purposes within an agricultural setting.
The reason for this rate is to achieve a fair and equitable level of rating between commercial properties within both the UV and GRV differential rating categories.