Rating Strategy
Between 29 November 2023 - 2 February 2024, the City sought community and stakeholder feedback on an Options Paper to inform the development of a Rating Strategy for Hobart. A summary of the engagement results can now be found in the Community Engagement Summary Report.
At its April 2024 meeting, the Hobart City Council endorsed the new Rating Strategy. If you would like to read the report considered by Council, this can be found on the April Council Agenda (item 11).
Project background
The City of Hobart is reviewing its Rating Strategy to make sure we have a rating system that is fair for the whole City, sustainable, affordable for the community, easy to understand and supports ratepayers capacity to pay.
The rates we collect are a form of property tax. The value of a property is used to determine what each property owner pays. Rates fund essential programs, services and infrastructure for the community.
The City of Hobart has decided to change the property valuation base it uses for rating from Assessed Annual Value to Capital Value. While the Council has endorsed the change of valuation base, how the rating system is implemented is explored in an Options Paper. Community feedback is now being sought on the Options Paper.
The Options Paper:
- Provides the community and stakeholders with information about rating
- Addresses different rating systems including municipal charges and differential rating across different land uses (e.g. commercial, residential, industrial)
- Proposes a number of options for how rates could be charged on different kinds of properties in the municipal area
You can download the Options Paper under the document section found on the right hand side of this page. You can also find the City's current Rates and Charges Policy in the same section.
If you would like to know more about the Rating Strategy, why we need to review it and how it will be used, you can read through the FAQs, which can be found on the right hand side of this page. You can also use the Online Q&A tool to ask us a question.
Engagement for this project was open from 29 November 2023 until 2 February 2024.