2014-09-16 Planning & Organisation Committee Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                                 16 September 2014


General Rate                                                                      # Properties
                     # Properties    UCV Amount             Rateable Valuation
Category                                                                          on Minimum
Category 28          4               $1,265,821             $6,253                1
Category 29          5,751           $940,963,826           $4,452,132            3,576
Category 30          1,580           $216,767,324           $959,815              1,043
Total                29,906          $7,220,275,823         $22,444,656           19,866

3.      Rate Concessions
Details of the Council pensioner concessions granted on the July Levy are set out below.

                                     Maximum Rebate
Concession Type                                              # Properties           Amount
                                        (1/2 year)
Maximum/Sole Owner                               $115.00                 1,141            $132,106
Maximum/Joint Owners                               $90.00                1,202            $106,082
Not Maximum/Sole Owner                             $57.50                  698             $40,511
Not Maximum/Joint Owners                           $32.50                1,061             $33,950
Total                                                                    4,102            $312,649
In addition to the pensioner concessions Council allowed general rate concessions on 49
properties totalling $57,104.08.

Details of the pensioner concessions funded by the State Government are as follows:-

State Government Rebates        # Properties                 Amount
General Rates & Charge             4,360                     $426,595
State Emergency Management Levy   4,360                      $65,554

4.      Valuations
Noosa Council did not receive new valuations for the 2014/15 financial year however the
area will be revalued for the 2015/16 financial year. Annual land values will be assessed by
the Department of Natural Resources and Mines as at 1 October 2014, with notices issued
to property owners before 31 March 2015. Owners then have 60 days to lodge an objection
if they wish to do so, and the new valuations take effect for rating purposes from 1 July 2015.
Noosa Council should receive details of the 2015 valuations prior to their release to the
public (usually early March) to aid in budget preparation.

5.      Payment Details
As at the start of the financial year, the outstanding rates and charges totalled $4.26 million,
down slightly from the opening balance of $4.4 million transferred from Sunshine Coast
Council as at 1 January 2014. Total prepayments as at 1 July 2014 were $1.12 million,
compared to $1.2 million in prepayments as at 1 January 2014.
Immediately following the issue of the levy the outstanding amount was $35.8 million.
Details of payments received in the 6 weeks to 22 August are set out below. Approximately
20% of rates remain outstanding as at 22 August 2014.

Week ending              Net Payments         Discount applied
18 July                  $1.55 million        $.064 million
25 July                  $2.65 million        $.086 million
1 August                 $2.89 million        $.090 million
8 August                 $3.96 million        $.129 million
15 August                $15.5 million        $.510 million
2 August                 $1.25 million        -
Total                    $27.8 million        $.879 million


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