General Rates are based on the Capital Improved Value (CIV) of each property. They are calculated by multiplying the valuation by the rate-in-the-dollar levied for each rate category.
Example for a General Land property:
CIV $320,000 x .005227 = $1,672.60
Example for a Primary Production Land property:
CIV $500,000 x .005227 = $2,613.50 (less rebate 30% -$784.05) = $1,829.45
The below table shows the rates-in-the-dollar and rebates that were declared for 2016/2017.