Special Rate Variation
2020/21 is the final year of the variation
Maitland's Special Rate Variation has allowed Council to increase its total rates revenue by 7.25% each year for seven years.
A special rate variation allows a council to increase its general income above the rate peg, under the provisions of the Local Government Act 1993 (NSW).
In the case of Maitland City Council, the approval by IPART in June 2014 was to increase total rates revenue by 7.25% each year for seven years to ensure the organisation is able to financially sustain service delivery to our growing community.
Under the approved rating package, Council committed to enhancing services in key areas of community priority and to continue to maintain existing services. Council has also established and met an annual productivity savings target of $500,000 each year.
Importantly, while Council’s total rate revenue has increased by 7.25% each year for seven years, this does not equate to the same percentage increase for each household or business.
Rating is complex, with a number of rating categories each with a set base amount and a different rate in the dollar component linked to land value.
A key element in the introduction of the Special Rate Variation was ensuring Council had provisions in place for ratepayers experiencing genuine financial hardship. The recent pandemic has seen Council refocus these provisions to best meet the needs of the local community. For more information click here.
Further details on the Special Rate Variation process can be found at www.ipart.nsw.gov.au