Rate Review
The Local Government Act 1999 has undergone significant reform, introduced over the past few years.
One significant change has been that Councils in South Australia can no longer use the Site Value of properties as the basis to calculate rates but must use the Capital, the Improved Value, of those properties.
Councils must change to Capital Value for the 2024/25 Financial Year's Rating at the latest. The District Council of Tumby Bay competed the process of making this change to their rating systems.
As part of this process, the Council was required to undertake a rating review and consider the best way for the Council to distribute the rate burden against the properties within its community.
The Rating Review Completion Report provides the rationale for the position taken by Council.