Local Government Act 1989
185CCapped average rate
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185C Capped average rate
The capped average rate, in relation to a Council, means the rate calculated according to the following formula—
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CAR is the capped average rate; and
Rc is the total annualised revenue leviable from general rates, municipal charges and any other prescribed rates or charges on rateable properties within the Council's municipal district as at 1 July in the capped year; and
L is the number of rateable properties within the Council's municipal district as at 1 July in the capped year.
The total annualised revenue leviable in the capped year is the revenue that is budgeted as at 1 July of the capped year.
S. 185D inserted by No. 65/2015 s. 8.