{"id":7328,"date":"2021-09-09T03:34:31","date_gmt":"2021-09-09T03:34:31","guid":{"rendered":"https:\/\/batown.ipasifik.com\/?page_id=7328"},"modified":"2021-09-23T02:16:11","modified_gmt":"2021-09-23T02:16:11","slug":"rates-calculation","status":"publish","type":"page","link":"https:\/\/batown.ipasifik.com\/?page_id=7328","title":{"rendered":"Rates Calculation"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"7328\" class=\"elementor elementor-7328\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2987146 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2987146\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0277751\" data-id=\"0277751\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-393fa42 elementor-widget elementor-widget-text-editor\" data-id=\"393fa42\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h1 style=\"margin-top: 0.69697em; line-height: 1.27273;\">Rates<\/h1>\n<h1 class=\"second_font header_title\">\n<p style=\"color: rgb(71, 72, 75); font-family: Roboto, sans-serif; font-size: 17px; font-weight: 400;\">Ba Town Council is expected to deliver many services and to provide an acceptable level of public amenities for the benefit of all ratepayers. It provides essential services such as waste management and community facilities and infrastructure such as parks, libraries and halls. Its main source of revenue is from town rates. This rate is based on the assessed value of each property on a fixed date for all rateable properties across the town area. The rate is based on the unimproved capital value of each property on fixed rates struck for all rateable properties across the town area.<\/p>\n<\/h1>\n<h1 style=\"margin-top: 0.69697em; line-height: 1.27273;\">How are Rates calculated<\/h1>\n<h1 class=\"second_font header_title\">\n<div style=\"color: rgb(71, 72, 75); font-family: Roboto, sans-serif; font-size: 17px; font-weight: 400;\">The Rates charged by the Ba Town Council is based on the Unimproved Capital value of the land. The value of the land is determined by the type of land the rate is being charged on. The different categories of land are as follows;<\/div>\n<ul style=\"color: rgb(71, 72, 75); font-family: Roboto, sans-serif; font-size: 17px; font-weight: 400;\">\n<li>Residential Land<\/li>\n<li>Commercial Land<\/li>\n<li>Industrial Land<\/li>\n<li>Civic Land<\/li>\n<li>Educational Land<\/li>\n<li>Special Land<\/li>\n<\/ul>\n<div style=\"color: rgb(71, 72, 75); font-family: Roboto, sans-serif; font-size: 17px; font-weight: 400;\">The rate is calculated by multiplying the Unimproved Capital Value of the Land with the rate that is decided by the council during the preparation of the budget<\/div>\n<p style=\"color: rgb(71, 72, 75); font-family: Roboto, sans-serif; font-size: 17px; font-weight: 400;\">For Example<\/p>\n<div style=\"color: rgb(71, 72, 75); font-family: Roboto, sans-serif; font-size: 17px; font-weight: 400;\">After a valuation of your land is done by the Lands Department, which is done every six years, the value of your land appreciates to $120,000 and the general rate decided by the council is 0.0072 and the special rate is 0.0029333. Here is how the rate payable will be calculated on your land<\/div>\n<p style=\"color: rgb(71, 72, 75); font-family: Roboto, sans-serif; font-size: 17px; font-weight: 400;\"><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); letter-spacing: 0px;\">General Rate &#8211;&nbsp; $120,000 * 0.0072 = $864 VEP<\/span><\/p><p style=\"color: rgb(71, 72, 75); font-family: Roboto, sans-serif; font-size: 17px; font-weight: 400;\"><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); letter-spacing: 0px;\">Special Rate &#8211;&nbsp; &nbsp;$120,000 * 0.0029333 = $ 351.996 VEP<\/span><\/p>\n<p style=\"color: rgb(71, 72, 75); font-family: Roboto, sans-serif; font-size: 17px; font-weight: 400;\"><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); letter-spacing: 0px;\">Therefore, the rate payable to the council on your land will be $864 + $351.996 = $1215.996 VEP<\/span><\/p><p style=\"color: rgb(71, 72, 75); font-family: Roboto, sans-serif; font-size: 17px; font-weight: 400;\"><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); letter-spacing: 0px;\"><br><\/span><\/p><p style=\"color: rgb(71, 72, 75); font-family: Roboto, sans-serif; font-size: 17px; font-weight: 400;\"><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); letter-spacing: 0px;\"><br><\/span><\/p>\n<\/h1>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Rates Ba Town Council is expected to deliver many services and to provide an acceptable level of public amenities for the benefit of all ratepayers. It provides essential services such as waste management and community facilities and infrastructure such as parks, libraries and halls. Its main source of revenue is from town rates. This rate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":6685,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"give_campaign_id":0,"footnotes":""},"class_list":["post-7328","page","type-page","status-publish","hentry"],"campaignId":"","_links":{"self":[{"href":"https:\/\/batown.ipasifik.com\/index.php?rest_route=\/wp\/v2\/pages\/7328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/batown.ipasifik.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/batown.ipasifik.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/batown.ipasifik.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/batown.ipasifik.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7328"}],"version-history":[{"count":5,"href":"https:\/\/batown.ipasifik.com\/index.php?rest_route=\/wp\/v2\/pages\/7328\/revisions"}],"predecessor-version":[{"id":10432,"href":"https:\/\/batown.ipasifik.com\/index.php?rest_route=\/wp\/v2\/pages\/7328\/revisions\/10432"}],"up":[{"embeddable":true,"href":"https:\/\/batown.ipasifik.com\/index.php?rest_route=\/wp\/v2\/pages\/6685"}],"wp:attachment":[{"href":"https:\/\/batown.ipasifik.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}