How rates are calculated

Rates are allocated based on each property's Assessed Annual Value (AAV). The amount to be funded from rates and charges is based on the estimated cost of services and maintaining the facilities and infrastructure.

The State Government Office of the Valuer-General determines the AAV, together with the land and capital values, which are adjusted based on indexation factors every two years.

For more information about how valuation adjustment factors are calculated, visit: Valuation Adjustment Factors.

From 2016/17 the City of Launceston applied a variation in rates under Section 107 of the Act by way of a differential rating structure based on the use or predominant use of a property.  For more information relating to this please refer to our Rates and Charges Brochure(PDF, 1MB).