Scott2013 Posted January 19, 2014 Share Posted January 19, 2014 Hello, We've been looking at rental properties on www.RealEstate.com but would like to know if there are an extra tax amounts to be paid on top of rent similar to UK? If so would it be based on number of bedrooms? Any advice would be appreciated so we can budget accordingly. Thanks Link to comment Share on other sites More sharing options...
blossom Posted January 19, 2014 Share Posted January 19, 2014 If you are renting then you don't pay any council rates. If you buy a house you do. Link to comment Share on other sites More sharing options...
Scott2013 Posted January 19, 2014 Author Share Posted January 19, 2014 Thanks, do you have any links on cost of council tax in Sydney when buying as would be good to have current rates, thanks Link to comment Share on other sites More sharing options...
rosiew Posted January 19, 2014 Share Posted January 19, 2014 Thanks, do you have any links on cost of council tax in Sydney when buying as would be good to have current rates, thanks Rates are set by the local council so it depends where you end up buying. It is based on value - cents per dollar of value. As a guide on a house worth about $600,000 the rates could be about $2500. Very rough guide. Others will chime in... Link to comment Share on other sites More sharing options...
rosiew Posted January 19, 2014 Share Posted January 19, 2014 Rates are set by the local council so it depends where you end up buying. It is based on value - cents per dollar of value. As a guide on a house worth about $600,000 the rates could be about $2500. Very rough guide. Others will chime in... If you email the agent through the link on real estate.com.au of any house you are looking at they will email you back the rates on that property with no problem. Link to comment Share on other sites More sharing options...
Ellie 2 Posted January 20, 2014 Share Posted January 20, 2014 Council Rates are based on land value not the size of the house you build on it. Link to comment Share on other sites More sharing options...
Johndoe Posted January 20, 2014 Share Posted January 20, 2014 ^^ as above Link to comment Share on other sites More sharing options...
LYNDAMUMFORD Posted January 20, 2014 Share Posted January 20, 2014 Land rates are based on both land value (Site Value) AND house (Capital Improved Value) multiplied by a rate in the dollar, on top of this some (not all) will add a Municipal Charge & Garbage charge. There is also the Fire Levy that will go on, standard £100 plus a rate in the dollar for the CIV amt. If its just a vacant block then there would be a rate in the dollar mulitiplier plus Fire Service Levy Link to comment Share on other sites More sharing options...
northshorepom Posted January 20, 2014 Share Posted January 20, 2014 Land rates are based on both land value (Site Value) AND house (Capital Improved Value) multiplied by a rate in the dollar, on top of this some (not all) will add a Municipal Charge & Garbage charge. There is also the Fire Levy that will go on, standard £100 plus a rate in the dollar for the CIV amt. If its just a vacant block then there would be a rate in the dollar mulitiplier plus Fire Service Levy It varies from state to state In NSW councils set rates based on land values only. The land values are set and regularly reviewed by the state government Link to comment Share on other sites More sharing options...
Parley Posted January 20, 2014 Share Posted January 20, 2014 In Vic it is Capital Improved Value, so the type of home does affect the rates you pay. Link to comment Share on other sites More sharing options...
northshorepom Posted January 21, 2014 Share Posted January 21, 2014 Understand that, but I was correcting the previous post as it's not the same in different states As the OP was in the NSW forum I (along with Ellie) was giving what is the case in NSW Anyway, the OP was in relation rental properties, where, of course, you don't pay rates Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.