Residents Rates Interim Rates Accounts
Interim notice explained
There are many causes requiring the issue of an Interim notice, the most frequently being:
- A new property due to a subdivision or amalgamation of land
- Improvements to the property such as new houses, units, garages, sheds, swimming pools
- Additions to the existing buildings on the property
- Demolition of buildings or removal of swimming pools
Sometimes, the reason is simply that the annual rate notice was issued on incorrect or out of date information. When the correct information has been received it is necessary to update the changes for the current year, and in some situations, for previous years also.
Annual rate notice
The City of Greater Geraldton issues an annual rate notice for each property in July, based on the information held as at 1 July. After this, if there is a change which affects the valuation then the Council must issue an Interim Notice.
Interim notice
The Interim Notice may involve an increase or decrease in the amount payable, according to the circumstances. The account is due and payable within 35 days of issue.
To calculate interim rates
Annual rates are calculated by multiplying the properties valuation by the rate in the dollar (the rate in the dollar is set by Council each year when the budget is adopted).
Example
Valuation=$11,440 x 0.095809 (the rate in the dollar) = $1,096.06
Interim rates are calculated if the valuation increased from $11,440 to $14,000 on the 1/10 due to an addition to the house then the new rates for the period 1/10 – 30/6 (this period is 273 days in the financial year) would be calculated by;
Example
Valuation=$14,000 x 0.095809 divided by 365 days x 273 days =$1,003.24
Less Actually Levied for that period
Valuation=$11,440 x .095809 divided by 365 days x 273 days = $ 819.79
Equals Interim Rates to be levied $ 183.45
Queries
If you have any queries regarding your Interim Notice, please contact Councils Rates Department on 9956 6600.
