Territory Stories

Alice Springs Town Council municipal plan 2018/19 - 2021/22

Details:

Title

Alice Springs Town Council municipal plan 2018/19 - 2021/22

Creator

Alice Springs Town Council

Collection

Alice Springs Town Council municipal plan; Reports; PublicationNT

Date

2018

Notes

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Language

English

Subject

Alice Springs (N.T.). Council -- Periodicals; Local government -- Northern Territory -- Alice Springs -- Periodicals

Publisher name

Alice Springs Town Council; Alice Springs Town Council

Place of publication

Alice Springs

Volume

2018/19 - 2021/22

File type

application/pdf

Copyright owner

Alice Springs Town Council

Parent handle

https://hdl.handle.net/10070/306706

Citation address

https://hdl.handle.net/10070/346722

Page content

Rating Policy 1 Purpose The Rating Policy is an explanatory document outlining and explaining the rating measures adopted in the Municipal Plan. It will be of interest to community groups, ratepayers, Commonwealth, State/Territory Departments and other interested parties seeking to understand the rating policies and practices of the Council. The purpose of this Policy is to promote consistent administration of rating in the community, pursuant to the Local Government Act, to ensure equity with respect to demand for municipal services, and regard to the needs of those ratepayers affected by financial hardship. 2 Period Covered by the Rating Policy This Rating Policy is part of the Municipal Plan adopted at the Ordinary Meeting of Council held on 25th June 2018 and applies to the financial year beginning 1st July 2018 and ending 30th June 2019. 2.1 Levying of Rates and Charges Background The authority to levy rates on property in the municipality is vested in the Council by the Local Government Act. The basis and conditions of rates and charges levied are laid out by Council each financial year in the Declaration of Rates and Charges, pursuant to section 155 of the Local Government Act. Matters relating to rates include: - (a) Assessed value as a basis of valuation (b) General rate declaration (c) Local rate declaration (d) Charges (e) Payment of rates and use of instalments (f) Method of paying rates (g) Incentive for early payment of rates (Early Bird Draw) (h) Penalty for late payment of rates (i) Recovery of outstanding rates and charges These matters are formally reviewed by Council annually when considering the Declaration of Rates and Charges and do not form part of this policy. There is a common misconception that if a propertys valuation rises, then Council receives a windfall gain with additional income. This is not the case, rather the revaluation process results in a redistribution of the rate burden across all properties in the municipality. Any increase to total valuations of the municipality is offset by a reduction to the rate in the dollar (ad valorem rate) used to calculate the rate for each property. Total income is fixed each year as part of the budget process. Council, like other organisations, only seeks to increase the total amount of revenue required in order to account for indexation, wage and other service cost increases imposed on it and any new initiatives as determined by Council. Public finance theory and practice implies that taxation revenue whether it is at the Federal, State/Territory or Local level is generally used to finance various Page 9


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