Page 1112 - Week 03 - Thursday, 22 March 2018
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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 |
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 |
1,400 |
1,432 |
1,518 |
1,638 |
1,793 |
1,604 |
524 |
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