Average council rates to fall by $38 in 2022/23

Last modified on 21 June 2022

Residential rates will fall by an average of $38 in 2022/23, despite Willoughby City Council being successful in receiving an additional special rate variation by the NSW Government.

On 20 June, the Independent Pricing and Regulatory Tribunal awarded the Council a 1.3% additional special rate revenue variation, on top of a 0.8% revenue increase already permitted by the NSW Government.

However, due to the fact the Council’s Infrastructure Levy will cease at the end of 2021/22, there will be an overall fall in rates revenue by 5.2% in 2022/23, even with the 20 June decision.

This means the Council’s rate revenue will fall by $1.9m in 2022/23, and average residential rates per property will decrease by $38.

The NSW Government announced the additional special rate variation process in March 2022, after acknowledging in a circular that the government’s proposed revenue increase was “at a far lower rate than councils had forecast” and therefore would cause councils financial distress.

Find more information at Council finance update