News

'Out of town' businesses to pay

BUSINESSES classed as "Grafton/South Grafton other businesses" are the big winners in this year's proposed rates plan.

These businesses are set to receive a 20% reduction in rates when compared to Grafton/South Grafton CBD properties.

The recommendation forms part of the overall 2012/13 rating structure which will go before Clarence Valley Council tonight.

At the other end of the spectrum, business properties at Junction Hill and Trenayr are being re-categorised from "outside town areas business rating" to Grafton/South Grafton other business category.

As a result of the move, these businesses will pay between 97% and 120% more than they paid in 2011/12.

The council's business papers state the doubling of the rates levy was "not considered unreasonable as the rates levied on these properties is now comparable with the industrial properties located at South Grafton".

The recommendations stem from a business rates review advisory committee set up by the council early last year to develop preferred options for the 2012/13 year.

Topics:  businesses, grafton, rates increase




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