Rates and Charges
Our main source of income comes from rates and charges. Other funding comes through sources like government grants and revenue from investments.
Your rates and charges help to pay for a whole range of facilities and services in the Wollongong area like:
- looking after our beaches, parks and sportsgrounds
- collecting waste
- maintaining our roads
- managing our development assessment system
- running our libraries, community centres and many other programs.
Each year, IPART, the Independent Pricing and Regulatory Tribunal, determines the rate peg, or allowable annual increase in general income for councils. This increase only applies to Council’s rates and was 1.8% for the 2016-2017 financial year.
As part of Council’s Securing Our Future financial sustainability review, a number of scenarios were considered. It was determined that a moderated increase to rates was required and we applied to IPART for a Special Rate Variation. This resulted in a rate increase of 6.24% to the total General Income, with individual properties averaging an increase of 6.63%. The following categories have received an increase of 3%: Business 3C Regional and Heavy 1 Activity 1 and the Special Rates.
When are my rates due?
The 2016-2017 rating period commences from 1 July 2016 to 30 June 2017. You have the choice to either pay your rates by lump sum, or quarterly instalments.
If you elect to pay a lump sum, the full amount is due by 31 August.
If you choose to pay your rates in four equal instalments, the instalment payments are due on or before:
What to do if you are having difficulty paying rates
People having difficulty paying their rates should call us on (02) 4227 7111 as soon as possible, preferably before the account becomes overdue.
Pensioner Concession Rebates
Eligible pensioners are those that hold either a blue concession card from Centrelink or alternatively a Gold Card from DVA (DVA, TPI, EDI) and reside at the property.
These eligible pensioners may be granted a concessional rebate up to a maximum of $250 per financial year or $62.50 per instalment, dependent upon the card start date and/or settlement date of the property.
For more information please call us on (02) 4227 7111.
Council is required to determine the combination of rates, charges, fees and pricing policies to fund the services provided to the Community. This is called a Revenue Policy, which contains the rating structure that determines the amount you pay.
Rates are based on the land value multiplied by the rate in the dollar.
The residential rate category has a ‘base rate’ which is a flat amount of $710.79; along with an ad-valorem amount, this spreads the burden of the rates across all rate payers.
The business, farmland and mining rates are calculated on an ad-valorem basis with a minimum rate amount applicable.