IPART (the Independent Pricing and Regulatory Tribunal) has recently set the rate peg for the 2026/27 financial year at 4.2%. This is the maximum amount which Council can automatically increase its general rate income during the 2026/27 financial year, which consist of four (4) categories being residential, business, farmland and mining.
Sewer and waste charges are not limited by this rate peg.
Council will consider the increase in its 2026/27 budget planning process. General rate increases are distributed amongst each rate category.
Council's total general rate income for the 2025/26 financial year is $3,462,217, meaning that a rate peg increase of 4.2% in the 2026/27 financial year will equate to approximately $145,413, spread over approximately 2,609 rated assessments.
There are a number of factors that impact the individual calculation across these rated assessments, including the rating category.
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Council’s general rates are based on land values issued by the NSW Valuer General, which occurs at least once every three years and are based on the unimproved value of the land, meaning no structures or improvements are considered.
The next NSW Valuer General land valuation for Weddin Shire is scheduled for 1 July 2026, which will take effect in the rates calculation for the 2027/28 financial year.
If your land value increases, this does not necessarily mean that your rates will definitely increase. It depends on how an individual land value changes when compared to the average valuation across the rating category (either residential, business, farmland or mining).
Whilst Council cannot waive rates or interest on late payments, Council can provide ratepayers that are experiencing financial hardship with a payment plan.
Council also has a hardship policy that is available on Council’s website.
Anyone who is experiencing difficulties with the payment of rates are encouraged to contact Council earlier rather than later to have a confidential conversation regarding payment plan options.
