Flake Posted March 23, 2015 Share Posted March 23, 2015 Hi all, does anyone know how to calculate the rates? Specifically to the Hills District NSW? I went to the Hills Shire Website to calculate but it says I need the land valuation?!! So confused. Link to comment Share on other sites More sharing options...
Parley Posted March 23, 2015 Share Posted March 23, 2015 Are you buying a property there ? Rates are payable by home owners only. They are based on the Capital Improved Value (Land plus buildings) as valued by the council. Councils normally do a valuation every 2 years. I'm not in that council but could probably find out the formula my council uses, if you really need to know, Mu rates are now about $1870 for a $800,000 valuation. Link to comment Share on other sites More sharing options...
Flake Posted March 23, 2015 Author Share Posted March 23, 2015 Are you buying a property there ?Rates are payable by home owners only. They are based on the Capital Improved Value (Land plus buildings) as valued by the council. Councils normally do a valuation every 2 years. I'm not in that council but could probably find out the formula my council uses, if you really need to know, Mu rates are now about $1870 for a $800,000 valuation. Yeah just currently looking into the prospect of buying, just seeing what the associated costs outside of a mortgage payment. Is that an annual rate you listed? Nothing would surprise me in sydney!!! Link to comment Share on other sites More sharing options...
Parley Posted March 23, 2015 Share Posted March 23, 2015 Yes it is annual. Probably assume $2000 or so. House prices have risen so rates will go up as well. A windfall for the councils. I'm in Melbourne though. Link to comment Share on other sites More sharing options...
Flake Posted March 24, 2015 Author Share Posted March 24, 2015 Yes it is annual.Probably assume $2000 or so. House prices have risen so rates will go up as well. A windfall for the councils. I'm in Melbourne though. Thank you Link to comment Share on other sites More sharing options...
LKC Posted March 24, 2015 Share Posted March 24, 2015 Our rates in Sutherland Shire are about $1700 per year, so I would add a little bit more than that for the Hills district maybe? I assume that some suburbs (such as Northern Beaches, Eastern Suburbs etc) are more expensive than others (Penrith, Campbelltown etc), in part due to the higher valuations and in part due to the council. Only a guess though. Link to comment Share on other sites More sharing options...
Eera Posted March 24, 2015 Share Posted March 24, 2015 You pay $1700 for a full year? Wow, that's cheap! I pay that for a half year. Link to comment Share on other sites More sharing options...
LKC Posted March 24, 2015 Share Posted March 24, 2015 You pay $1700 for a full year? Wow, that's cheap! I pay that for a half year. Yes, it's not bad is it. One of the advantages of living in a cheaper and less well thought of area I guess. Link to comment Share on other sites More sharing options...
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