Public Benefit: 0.000219
Farmland: 0.000235
Residential: 0.000219
Industrial: 0.002687
Commercial: 0.001791
There are a lot of decimal points there, so another way of thinking about this is the rate per $100,000 of land value, which would be as follows:
Public Benefit: $21.90
Farmland: $23.50
Residential: $21.90
Industrial: $268.70
Commercial: $179.10
The rates have just been published under an Order, which can be found on the NSW Legislation website, at: http://www.legislation.nsw.gov.au/regulations/2017-160.pdf.
To coincide with this, we have launched a FESL calculator on the FESL website: http://fesl.nsw.gov.au/rates_and_calculator. The rates are also displayed on this page.
Further, by way of illustration and for quick initial reference, I attach a table of total FESL (fixed + ad valorem) payable for each classification at multiples of $100K.
Finally, earlier in the week we also published a classification guide, with some plain English definitions of the FESL classifications: http://fesl.nsw.gov.au/guide_classifications.
We hope this will be useful for council staff and ratepayers alike, and you may wish to put hyperlinks on your website to the classification guide and calculator.
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