EFFECT IN 1998-99 OF REDUCING RATES CHARGE
FROM 5% TO 4.5% ON MAIN PROPERTY CLASSES
|
| |
1998-99
|
Property Type
|
Average Decrease in
Rates Payment
|
Average Rates Payment
|
|
$ per
month
|
%
|
$ per
month
|
Small Domestic Premises(1)
(Private)
|
34
|
9.4
|
327
|
Medium Domestic
Premises(1) (Private)
|
74
|
8.7
|
780
|
Large Domestic Premises(1)
(Private)
|
95
|
5.0
|
1,818
|
Public Domestic Premises(2)
|
20
|
10.0
|
179
|
All Domestic Premises(3)
|
30
|
8.2
|
336
|
Shops and Commercial
Premises
|
167
|
8.8
|
1,739
|
Offices
|
188
|
9.3
|
1,827
|
Industrial Premises(4)
|
111
|
10.0
|
999
|
All Non-domestic
Premises(5)
|
153
|
8.3
|
1,684
|
All Properties
|
49
|
8.3
|
540
|
(1) Domestic units are classified by relation to saleable areas as below :
| Small domestic |
up to 69.9 m2 |
(up to 752 sq.ft.) |
| Medium domestic |
70 m2 to 99.9 m2 |
(753 sq.ft. -1 075 sq.ft.) |
Large domestic
|
100 m2 and over
|
(1 076 sq.ft. and above)
|
(2) Including Housing Authority and Housing Society rental units
(3) Including car parking spaces
(4) Including factories and storage premises
(5) Including miscellaneous premises such as hotels, cinemas, petrol filling stations, schools, car parking spaces
|
