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

Statement of Council’s Revenue Policy (Continued)Proposed Rating Structure for 2012/2013 (With Business City Centre Special Rate)The following tables show the ‘Ordinary and Environmental Rate’ structure (with estimated yields) for 2012/2013, including the approved continuationof the City Centre Business Special Rate in 2012/2013.Council applies a ‘base amount’ and a rate in the dollar (ad valorem rate) to land valuations when determining ‘Residential’ and ‘Farmland’ ordinaryrates. Council applies an ad valorem rate (with minimum) to land valuations when determining ‘Business’ and ‘Business City Centre’ ordinary rates.Ordinary Rate Structure for 2012/2013 (With Business City Centre Special Rate)Rating Category / Sub-CategoryNumberofPropertiesAdValoremRate ($)BaseAmount($)BaseAmount%MinimumAmount($)PropertiesonMinimumLand Value($)Land Valueon Minimum($)EstimatedYield ($)Residential 28,073.48 0.0032925 295.00 32.66 5,185,189,742 25,353,914Farmland 718 0.0032925 295.00 17.70 299,136,800 1,196,718Business 1,385.92 0.0076697 500.00 229 593,075,363 8,075,116 4,601,276Business (Business City Centre) 323.60 0.0105813 485.00 4 216,896,338 56,240 2,296,390Totals 30,501 233 6,294,298,243 8,131,356 33,448,298Please Note: There is no impact on Residential, Farmland or Business properties (outside the Coffs Harbour CBD) with the approval of thecontinuation of the Business City Centre Special Rate in 2012/2013.Environmental Special Rate Structure for 2012/2013Environmental Special RateNumberofPropertiesAdValoremRate ($)BaseAmount($)BaseAmount%MinimumAmount($)PropertiesonMinimumLand Value($)Land Valueon Minimum($)EstimatedYield ($)Environmental Levy 30,501 0.0000983 19.00 48.36 6,294,298,243 1,198,249There is no change to the Environmental Special Rate structure with the continuation of the Business City Centre Special Rate.Coffs Harbour City Council – 2012/2013 Operational Plan 28 June 2012 Page 17