30 June 2023

ACT Budget: How much your rates will rise suburb by suburb

| Ian Bushnell
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housing from above

Rates are a stable source of revenue for the ACT Government. Photo: Michelle Kroll.

Average residential general rates will increase by 3.75 per cent in the ACT in 2023-24, consistent with each year of stage three of the government’s tax reform program.

According to the Budget papers, residential general rates revenue is estimated to be $479.0 million in 2022-23, increasing 3.9 per cent to $497.7 million in 2023-24.

Residential rates revenue is estimated to grow 5.1 per cent a year on average over the forward estimates reaching $585.0 million in 2026‑27.

Increases in 2023-24 for houses range from just 1 per cent in Braddon, Dickson and Denman Prospect to 7 per cent in Duffy, Amaroo and Whitlam.

For units, rate rises will range from 1 per cent in Coombs, Denman Prospect, Strathnairn and Taylor to 10 per cent in Forde.

See what your suburb will pay on average.

Original Article published by Ian Bushnell on Riotact.

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