Hi David,
Penrith Council allows a temporary deferment of the rates increase only(above the previous year’s rates)for up to two years with any interest raised to be waived. Presently we set the eligibility level at 25% rates increase or more and it is only for the first year of rates under the new valuation. We have only had 1 owner that I can recall apply for hardship assistance under this policy. The Hardship Policy wording says:
“Under Section 601 of the Act Council is able to provide relief to ratepayers when their rates have increased due to a land revaluation. Council will allow the ratepayer to apply to defer payment of the increase for a period of up to two years. Additionally, any interest that accrues as a result of a deferment is waived. Both the land value and rates must have increased by a minimum percentage which will be set by Council resolution upon adoption of the Rates and Charges. Residential applications will only be eligible for the owner’s principle place of residence. Business proprietors are required to provide details of the financial hardship caused to the business.”
Kind regards,
Matthew.
