Rates continue to rise this Budget – check out what your suburb will be paying. Photo: Michelle Kroll.
Canberra homeowners face an average 3.75 per cent rate increase as per the ACT Government’s tax reform program, but that will vary on location and the average unimproved value (AUV) of the property.
This year non-unit properties with an AUV of $1 million or more will incur a higher tax rate to help pay for services and infrastructure.
Treasurer Chris Steel said owners of higher value land would be asked to pay more in rates to contribute to the cost of delivering critical healthcare services for the community.
“This will help to contribute to a sustainable revenue base to be able to deliver the services that Canberrans expect,” he said.
Your rates bill will also include the new health levy of $250 a year.
The Budget papers said general rates revenue was estimated to be $813.5 million in 2024-25, $5.2 million higher than the 2024-25 Budget estimate, and $910.3 million in 2025-26, reaching $1093.9 million in 2028-29.
A general rates bill for any property does not change by the percentage change in the AUV of the property. General rates are calculated on a five-year average of unimproved land values, having transitioned from the previous three-year average to improve the stability and predictability of general rates for taxpayers.
