Hi Michelle, if the estate has one rateable valuation then one base amount applies. Sec 499(3) “(3) The appropriate base amount so specified is to form part of the rate levied on each separate parcel of rateable land subject to the rate.”
The LGA dictionary provides a definition of what a parcel of rateable land is – “parcel of land, in relation to rateable land, means a portion or parcel of land separately valued under the Valuation of Land Act 1916.”
Thanks
Simone
