The amount you pay in rates each year depends on the basis of valuation applied to your property. This valuation is determined by the Valuer General's Office, an independent State Government organisation, also known as Landgate.
The basis of valuation is either Gross Rental Value (GRV) or Unimproved Valuation (UV). For non rural properties, the Gross Rental Value (GRV) is used and for rural properties, the Unimproved Value (UV) is used. The GRV is an estimate of the rent a property could earn in a year. The UV refers to the site value of the property. GRV's and UV's are reassessed every three years and one year, respectively.
Based on valuation, rates are calculated each year and an annual rate notice issued to you. You'll usually receive your notice at the end of July each year. More detailed information about property valuations is available from Landgate.
Below are the Differential Rates, including minimums, for the 2024/2025 financial year as per adopted budget.Â
Differential rates
The City of Gosnells has levied the following differential rates for each rating category for the 2024/2025 financial year.
2024/25 | Rate-in-Dollar cents | Minimum Rate |
---|---|---|
Gross Rental Values (GRV) | ||
General GRV | 7.055 | $1,086 |
Commercial GRV | 7.196 | $1,086 |
Rural GRV | 8.466 | $1,086 |
Extractive Industry | 13.405 | $1,086 |
Town Centre | 8.113 | $1,086 |
Tenancy Agreements |
7.575 |
$1,086 |
Unimproved Values (UV) | ||
Rural UV | 0.3116 | $1,086 |
Rural UV Agricultural Concession | 0.2493 |
$1,086 |
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