Gladstone rates rise 4.92 per cent
GLADSTONE residents will have to find an extra $50 this year after the city council increased rates by an average of 4.92 per cent yesterday. The increase comes as the council announced a new general rating system with its 2005/06 budget yesterday.
An increase in local land valuations has meant a rise for most residents in rates and a "banded'' rating ap- proach by the council.
The banding system will mean those with an average land valuation are saved from the drastic increase in rates, while those who have had a drastic jump in the un- improved value of land will feel the pinch.
Mayor Peter Corones said it was possible some residents might see a decrease in rates, but admitted those with a land value of more than the average $63,581 would have a big increase.
Water costs have also risen with 10 per cent being added on as a result of the Queens- land Competition Authority (QCA) study on local water prices earlier in the year.
For the average user, the water rate has risen by five cents per kilolitre.
There has also been a $20 increase in annual water ac- cess charges.
Rates notices will be is- sued in August.