Differential Rates
Differential Rates and Minimum payments
The City of Vincent adopted differential rates effective from 1/7/2018.
A higher rate in the dollar for the calculation of council rates will be applied to properties classified as Other and Vacant–Commercial. The Other rates category includes all Commercial and Industrial properties. The Vacant-Commercial rates category includes all vacant land situated in a commercial or residential/commercial zoning within the City of Vincent.
City of Vincent differential rates for the financial year 2018/2019:
Differential Rates
Rating Category | Rate in $ | Minimum Payment |
Residential, Vacant-Residential
|
0.06475
|
$1180.00
|
Other (Commercial/Industrial)
|
0.06619
|
$1180.00
|
Vacant-Commercial
|
0.12628
|
$1494.00
|
For further information
The differential rates document listing the reasons for introducing differential rates can be viewed at the link below:
Differential rates information document