[Megan Bugge]

Good Morning All

I have a property that has postponed rates. It consists of 3 rural lots. One of those lots has now been sold, but no changes to the actual use. The valuation will need to be cancelled as it is a split.
Is it correct to say that the postponed rates are now due and payable as the existing valuation has changed, and they can apply on the new valuations supplied. Or do we keep it as a historic postponed rate and write off each year when it falls due.
I am talking about an amount of $24,000, so just want to clarify before I write to the owners.
Thanks
Megan – Griffith City Council

[Robert Hay]

Hi Megan

I think its a partial change of circumstances and Section 598 (1) and (2) come into effect.

This requires the Valuer general to determine the attributable part of land sold and the attributable part of the land remaining. So some of it would become due and some of it would remain postponed. The act says whatever Council considers equitable in 598 (2), I’d say make them pay for the part they sold.
They’re my thoughts happy to hear anyone else’s opinion.

Robert

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