Operational Plan 2012-2013 - Coffs Harbour City Council - NSW ...

Statement of Council’s Revenue Policy (Continued)The following comments should be considered in conjunction with the above information:1. The average residential ratepayer's land valuation for 2012/2013 is $184,700 and this valuation has been used in the determination of both theresidential ordinary rate and environmental levy for 2012/2013 in the above table.2. Water usage charges have been averaged at 250 kilolitres per annum.3. Water, Sewerage, Stormwater Management and Domestic Waste Service charges are not subject to rate pegging restrictions.Impact on Non-Residential RatepayersThe approved special rate continuation will only have an impact on Business properties within the Coffs Harbour CBD. With the ‘rate pegging’allowance of 3.6%, the average non-residential ratepayer can expect an increase to the ordinary rate component of their rate account as shown in thetable below:Ordinary Rate Component ONLY 2011/2012 2012/2013 Increase($) ($) Amount ($) %Farmland Ordinary Rate 1,520.70 1,666.66 145.96 9.6Business Ordinary Rate 3,189.13 3,282.25 93.12 2.9Business City Centre Ordinary Rate 7,000.89 7,092.12 91.23 1.3The following comments should be considered in conjunction with the above information:1. The average land valuation in 2012/2013 for Farmland is $416,600, for Business $427,950 and for City Centre Business is $670,250 – with thesevaluations being used in the determination of the ordinary rates in the above table.2. The increase in the farmland ordinary rate is due to above average land valuation increases within this category for 2012/2013.Coffs Harbour City Council – 2012/2013 Operational Plan 28 June 2012 Page 16