In Maitland, rates and charges make up between 55-60% of Council’s total income each year. And while rates collectively generate a significant amount of money for services and infrastructure, rates income can't cover everything. The balance of Council's income is made up of grant and development contribution funding, user fees and charges, as well as interest and investment revenue.
Rates increase each financial year by the amount determined by IPART. This is known as the ‘rate peg’. The rate peg for 2022/23 is 0.7%.
A list of rates FAQs is available here.