The average owner-occupier in 20 Brisbane suburbs will end up paying more than 5 per cent extra on their rates bill across the next financial year, analysis of Brisbane City Council data shows.
Those in the south-western suburb of Sinnamon Park are set to experience the highest average annual jump of 6.7 per cent. In 13 suburbs the rise will equate to more than $100 a year, peaking at $141.43 in inner-west Paddington.
The detail comes after Brisbane City Council announced an average annual rate rise of 3.75 per cent across the coming financial year, the largest hike since 2016.
But the actual rates detailed in the 2021-22 budget handed down on Wednesday, and the change to what residents would have to pay, differs from suburb to suburb.
The council calculates rates by multiplying the average rateable value of a property (the past three land valuations) by a dollar rate based on how the property is used.
Search for yours in the table below.
from Queensland Property Investor https://ift.tt/3cOLdof
via IFTTT
