Published on Wednesday, 17 May 2023 at 1:41:32 PM

The City of Vincent gives notice of our intention to impose differential rates for each rating category in the 2023/24 rating year as follows. 

As part of the annual budget setting process, the City of Vincent is seeking comment from ratepayers and electors on the proposed differential rates and minimum payments for the next financial year.

Local governments impose rates on the properties within their district to raise revenue to fund the services and facilities provided to residents and visitors. 

Differential rates allow Vincent to apply rates differently according to property classification, which helps to ensure a more equitable ratings system.

The Gross Rental Valuation (GRV) is determined by the Valuer General's Office and is the value used to calculate the total value of ratable properties. 

The rate in dollar figure is calculated by dividing the total amount of money to be raised in general rates by the total value of all rateable properties per category. This figure is then used to help determine the rate amount for each property.

Minimum rates are imposed when the amount calculated by the rates formula is less than the amount any property must pay to contribute to the cost of services provided by Vincent, regardless of the GRV of their property.

The final rate figure applied to each property in the City of Vincent will vary based on the applicable rate in the dollar and the GRV for the property. These figures will not be available until after Council has finalised the annual budget process in June. 

Council will consider this community feedback as part of the adoption of the budget. 

Share your feedback

Comments on the proposed differential rates and minimum payments can be submitted by 5pm Thursday, 8 June 2023 

• By completing the survey at Imagine Vincent
• By email to mail@vincent.wa.gov.au 
• By letter to Chief Executive Officer, City of Vincent, PO Box 82 Leederville WA 6902

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