Your residential rates amount is made up of:

• A base amount that is the same for everyone. This is decided by working out how much of the total general income will come from residential properties, then halving that amount. That number is then divided by the total number of residential properties, and this becomes everyone's residential base amount.
• A variable amount that spreads the other half of the total general income from residential properties fairly, depending on the value of your land (not including your house or other property improvements). To work out your variable amount, your land value is multiplied by a rate in the dollar.