ACT Budget: Your rates and what you will pay

Ian Bushnell 7 October 2021 95
Aerial View, Drone, Weston Creek, Houses

Rates will continue to rise as part of the ACT’s tax reform program, as stamp duty reduces. Photo: File.

The ACT Budget shows a 3.75 per cent average increase in residential rates for both units and houses, but rises will vary widely across the Territory depending on the type, size and location of the property.

READ ALSO: Pandemic Budget Barr’s shot in the arm for Canberra

The tables below supplied by the ACT Government show your new annual rates bill and how much it may have changed.

New rates

Average rates do not factor in pensioner or COVID assistance general rates rebates.
Suburbs with five or fewer rateable properties are excluded, to protect tax payer privacy.

New rates by land size a
New rates by land size b
Categories with five or fewer rateable properties are excluded, to protect tax payer privacy. Total number of rateable properties by suburb has been adjusted accordingly; suburb numbers do not sum to total numbers for the Territory.
General rates averages are for non-unit titled residential blocks with AUVs under $4 million. Larger value properties do not represent of general rates paid by houses as they include properties like large developments, retirement villages, and public housing.
Increase in total average rates is less than 3.75 per cent as residential blocks with AUVs above $4 million are excluded.
Average rates do not factor in pensioner or COVID assistance general rates rebates.

What's Your Opinion?

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95 Responses to ACT Budget: Your rates and what you will pay
HiddenDragon HiddenDragon 9:23 pm 08 Oct 21

It will be so entertaining watching NSW’s shiny new premier trying to sell the stamp duty-rates/land tax trade-off dogma in a jurisdiction where the majority don’t always vote the same way, regardless of provocations to the contrary.

After an initial burst of enthusiasm on this issue, Victoria has gone very quiet and it’s pretty much crickets elsewhere in the country – but at least, here in Canberra, housing is now so much more affordable, just as they promised us it would be under this “reform”………

    JC JC 9:05 pm 09 Oct 21

    Do the suns on what it would cost to pay stamp duty at the rates of say 10 years ago. What would you rather?

    chewy14 chewy14 9:42 am 10 Oct 21

    When did they suggest the reform would a big factor for housing affordability?

    Yes, it will impact it but these taxes are only a tiny part of a much wider and complex issue.

    The main drivers of this taxation reform are around wider economic impacts and creating a more stable and efficient taxation base. They should just get it done faster.

    JC JC 7:55 pm 10 Oct 21

    Shock horror I’m in agreement with you Chewy.

    JS9 JS9 9:09 am 11 Oct 21

    There is a very simple way to solve this problem once and for all, and avoid a lot of the ACT’s pain in the process.

    It would involve increasing the GST rate, using a fair chunk of that revenue to offset stamp duty losses for the states, and then recovering some of the lost stamp duty through the broad based land tax. Could be solved overnight almost – whether its an optimal solution is another question altogether however.

    chewy14 chewy14 1:08 pm 11 Oct 21

    I think they should do both, raise the GST and have a broad based land tax (amongst others)

    Then they could reduce taxation in the areas that we most definitely rely on too heavily. First area, income tax.

    JS9 JS9 2:21 pm 11 Oct 21

    Small steps chewy, small steps lol. Just getting any meaningful tax reform on the agenda would be a good first step ha.

    bj_ACT bj_ACT 3:40 pm 11 Oct 21

    The small steps that the ACT Government has taken on the Stamp Duty component of their Rates reform has allowed Mr Barr to double dip on both Rates and Stamp Duty.

    Chewy and I have disagreed on elements of this tax reform over the years, but Chewy’s absolutely right that they either have to hurry up and properly cut Stamp Duty heavily (or my words here), not not do it at all.

    Tinkering with the Stamp Duty percentages every year isn’t keeping up with rising housing prices and therefore the reform isn’t delivering on the proposed benefits of cutting Stamp Duty and encouraging downsizing or better use of housing resources.

    A median house sale in Canberra currently pays about $36k in Stamp Duty. ACT Government is collecting higher rates and still fleecing your average homebuyer through Stamp Duty.

    It’s laughable to have no Stamp Duty for off the plan properties below $500k, there’s next to nothing available in this price bracket and the developers will dump you if prices go up anyway.

    chewy14 chewy14 5:56 pm 11 Oct 21

    Yes we disagree on parts of the policy, but that’s why I think they need to go faster because going slow is too open to abuse by politicians looking to increase taxes in property booms as well as opening up political lines of attack around what is a sensible economic policy.

    They should set a timeframe of less than 5years to get it done.

Daniel Duncan Daniel Duncan 4:26 pm 08 Oct 21

All rates do is go up..

Russell Williams Russell Williams 6:41 am 08 Oct 21

Oh well....we have to pay for chief minister's train set EXTN somehow

Mark Powell Mark Powell 10:37 pm 07 Oct 21

Labor government = labor spending. They need to get their funds from somewhere…

Finally Relented Finally Relented 7:27 pm 07 Oct 21

I’m still waiting for a response (for last several years) as to where my refund is for…wondering why I have paid full stamp duty AND now land tax. Unfair.

    JS9 JS9 8:56 am 08 Oct 21

    Whether you like it or not, this government has for almost a decade now had the same clear plan as to what they were going to do. It is not like it has been hidden and just appearing from nowhere.

James Fellows James Fellows 6:18 pm 07 Oct 21

Huh. Mine will go down.

Jenny Bain Kennedy Jenny Bain Kennedy 5:26 pm 07 Oct 21

By my last bill I thought they already had.

Martin Budden Martin Budden 5:16 pm 07 Oct 21

I already had a 10.3% rate rise this year, next year I'm getting another 6.2% rise. Both are much higher than average wages growth! How does the government expect people to afford paying more and more and more when their wages aren't growing?

Steven Chaytor Steven Chaytor 5:03 pm 07 Oct 21

I compare my rates payments to the public services I receive, and I think it is the best value item I purchase each a long way.

    Martin Budden Martin Budden 5:19 pm 07 Oct 21

    Steven Chaytor I had a 10.3% rate rise this year. Did the services I receive increase by 10.3%? Yes if you count new speed bumps on roads which didn't need them, no if you count all the potholes which get worse every year 😡

Marnie Hodsdon Marnie Hodsdon 4:25 pm 07 Oct 21

Sick of rates going up and up under this mob

Angela Thomas Angela Thomas 4:00 pm 07 Oct 21

I'd like my pension to go up 10% too - fat chance! Almost passed out seeing the increase in my suburb

Gabriel Spacca Gabriel Spacca 3:35 pm 07 Oct 21

Remember when the ACT Government said that Rates were increasing because they were going to abolish Stamp Duty?

Yeah ... good times ...

Donna Burgess Donna Burgess 3:15 pm 07 Oct 21

Watch out,because rental rates are going to follow.. I resent the fact that We all have to pay more in rates, so others don’t have to pay stamp duty- when the government could have done a first home buyer grant program.

    Ashley Latimer Ashley Latimer 8:20 pm 07 Oct 21

    Donna Burgess they should legislate a 6 to 12 month halt on rental increases from the first raised rate, that way tenants can prepare sufficiently for the increase in rent.

    Geoffrey Bell Geoffrey Bell 9:05 pm 07 Oct 21

    Ashley Latimer The rental market is pretty dam thin south side of Canberra if looking for property to rent..

    Ian Don Ian Don 10:16 am 08 Oct 21

    The drop in stamp duty has been insignificant anyway. The current median price for a house in the ACT is roughly only $2k difference to stamp duty in NSW.

Coops BC Coops BC 3:02 pm 07 Oct 21

There were signs everywhere before the last election, I mean everywhere, that stated in no uncertain terms that Barr would put your rates up. This was forecast and voted for by the majority. Canberra, you reap what you sow.

Warwick Alsop Warwick Alsop 2:58 pm 07 Oct 21

Glad I don't live in Isaacs......

Roc Cecere Roc Cecere 2:46 pm 07 Oct 21

Why am I not surprised… gov squeezing us like squeezing oranges

    Paul Hinchy Paul Hinchy 6:45 pm 09 Oct 21

    Roc Cecere they havent been able to raise their BILLIONs from Floriade (TIC)

Penny Hemsworth Penny Hemsworth 2:06 pm 07 Oct 21

Rates are always going up☝️☝️☝️☝️☝️always

Ted Oxenham Ted Oxenham 1:54 pm 07 Oct 21

I'm angry because rates are going up and at the source it all is really just my fear of change

Linda Stapleton Linda Stapleton 1:46 pm 07 Oct 21

Well business demanded financial support to get out of the covid has to come from somewhere I guess... just point out the comments as well...give me give me give me and not one of the people is willing to pay for any of what they demand... so funny ... sorry guys but THE MONEY HAS TO COME FROM SOMEWHERE lol

    Penny Hemsworth Penny Hemsworth 2:07 pm 07 Oct 21

    Linda Stapleton doesn't grow on trees that's for sure😄

    Linda Stapleton Linda Stapleton 2:08 pm 07 Oct 21

    Penny Hemsworth wouldn't it be lovely if it did 😉

Roger Griffiths Roger Griffiths 1:41 pm 07 Oct 21

Are these adjustments (mostly increases) compounded by rising real estate prices? While rates are calculated on a property’s UCV, is the UCV based on, and likely to increase on recent sales data? If so this could be catastrophic for those who have limited means just to stay in their own homes!

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