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Newcastle Herald

National

Michael Parris

Land values could come into play in recommended council rates overhaul

IPART Carmel Donnelly City of Newcastle

IPART says the value of a house and other improvements could be included in rate assessments. File picture

NSW's independent pricing regulator has recommended the state government investigate an overhaul of local council financing which could include basing annual rates on the improved value of land.

The NSW Independent Pricing and Regulatory Tribunal has published a draft report proposing changes to the way it sets rate peg maximums each year.

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