Published on Tuesday, 30 May 2023 at 12:36:03 PM
The Town of Port Hedland’s yield from residential rates will decrease in the 2023/24 financial year as a result of its endorsed rating strategy.
The strategy sees 20.7 percent of the Town’s total rate yield coming from residential rates, compared to 22.7 percent in the previous financial year.
The drop takes the yield from residential rates from $14.1 million in the 2022/23 financial year to $13.5 million in the 2023/24 financial year.
This drop has been possible largely due to increased mining and other industrial activity, which will bolster rates from this differential rating category by $4.4 million over the coming financial year.
Town of Port Hedland Mayor Peter Carter said he was pleased the council was able to endorse a strategy which saw reduced burden on residential ratepayers.
“Port Hedland is fortunate to having resources-sector activity to offset the burden on residential ratepayers, and it’s only right that companies which benefit from our mineral-rich land contribute to the local community via rates,” Mayor Carter said.
“Port Hedland is facing numerous challenges which make living in Hedland a difficult choice for many – that includes access to childcare, education, affordable housing and other social amenity.
“Any adjustments we are able to make to ease the burden on residential ratepayers is a positive.”
The Town has released documents supporting the rating strategy - the Statement of Objects and Reasons 2023/24, including details on proposed differential rates and minimum rate payments, is available on the Town of Port Hedland website or to view at the Civic Centre on McGregor Street.
“I encourage people to review the information we have made available and make a submission,” Mayor Carter said.
Ratepayers and electors have until 5:00pm 20 June 2023 to lodge a submission.
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