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 AAV is the estimated rental value of the property. About every six years the State Government Valuers determine the AAV together with the land and capital values, which are adjusted based on indexation factors every two years.
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 brochure(PDF, 7MB).