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Legislative Assembly for the ACT: 2018 Week 03 Hansard (Thursday, 22 March 2018) . . Page.. 1112 ..


average unimproved value was (a) less than $150 000, (b) between $150 001 and $300  000, (c) between $300 001 and $450 000, (d) between 450 001 and $600 000 and (e) more than $600,001.

(2) Can the Treasurer provide the total (a) number of residential properties that had a discount rates applied for on time payment and (b) value of the discounts during (i) 2011-2012, (b) 2012-2013, (c) 2013-2014, (d) 2014-2015, (e) 2016-2017 and (f) 2017-18 to date.

(3) Can the Treasurer provide (a) the total number of residential properties that incurred interest for late rates payments and (b) the total value of the interest accrued during (i) 2011-2012, (b) 2012-2013, (c) 2013-2014, (d) 2014-2015, (e) 2016-2017 and (f) 2017-18 to date.

Mr Barr: The answer to the member’s question is as follows:

(1) Under the Rates Act 2004, if a parcel of land is a unit subdivision, the land making up the parcel is taken to continue to be a single parcel of land. Average unimproved values are determined for this single parcel of land. As such, individual residential unit dwellings do not have unimproved land values. The table below shows the number of dwellings within each value category, calculated by multiplying the residential proportion of the average unimproved value of a unit subdivision parcel of land by the unit entitlement of the unit. Figures are correct as of 1 January each year.

Residential proportion of AUV of parcel of land multiplied by unit entitlement

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

$0 to $150,000

25,698

24,576

24,921

26,909

28,682

31,312

32,783

$150,001 to $300,000

5,526

8,047

9,770

10,282

10,699

10,898

11,002

$300,001 to $450,000

869

1,052

1,185

1,237

1,271

1,284

1,378

$450,001 and $600,000

234

279

304

327

352

373

433

$600,001 and above

103

129

149

151

160

168

200

(2) The table below shows the number of residential properties that received a general rates early payment discount and the value of the discount.

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18 (YTD to Feb 2018)

No. of properties

53,008

54,020

55,377

56,365

54,888

53,291

49,821

Value of early payment discount ($’000)

2,151

2,422

2,729

3,034

3,327

2,296

1,194

(3) The table below shows the number of residential properties that incurred interest for late general rates payments and the value of the interest incurred.

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18 (YTD to Feb 2018)

No. of properties

31,113

31,709

33,072

33,297

36,462

37,079

32,763

Value of interest incurred ($’000)

1,400

1,432

1,518

1,638

1,793

1,604

524



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