EasyRev helping visualise impacts of rating strategy

Published: Wednesday, 14 October 2020 at 1:56:38 PM

Victorian Local Government have to manage an annual increase in their rate revenue based on a peg of 2.0% introduced by the Victorian State Government a few years ago.  Combined with shifts in property valuations, many rural councils are faced with the difficult balancing act of managing the shift in the burden of the rate increases within the 2% cap between farm properties and residential.  This becomes a bigger issue when one sector, such as the farming sector, has significant increase in valuations relative to the residential sector. 

Northern Grampians Shire managed this by using EasyREV Rate Modelling application to model their rating strategy and presenting an analysis of this to elected members via integration with Microsoft PowerBI.

 

The rate modelling application provided a better understanding of the impact of rating changes and the ability to make informed decisions having regard to the impact at the individual assessment level.

EasyRev

EasyRev

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