Land that is being used for a purpose other than its maximum permitted use may be eligible for postponed rates.
You may apply to have a portion of your rates postponed if the land value we use to calculate your rates includes a premium because of its current permitted use under a planning instrument or zoning.
For example, land located within an area that is zoned for commercial development and is used as the site of a single dwelling house may be valued in excess of a similar sized property in that area that is zoned for residential purposes only. The higher value may attract significantly higher land rates for which a portion may be postponed.
We may postpone a portion of the annual rates (with interest) for up to five years, payable only if the property is sold or a change in circumstances occur (such as subdivision, partial sale, change in use or boundary variation).
Each year the amount postponed is 'rolled over', up to five years of postponed rates are held by us. When the amount held in year five is rolled into year six the amount of rates and interest applicable to the oldest year is permanently written off.
This process is subject to a written application, please contact our Revenue team on 02 4645 4935.