Our URB4N apartments development at Kurralta Park is located within The City of West Torrens.
Like many councils, The City of West Torrens uses capital values as the basis for valuing land within its boundaries. These valuations are purchased from the Valuer-General, South Australia’s independent authority on property valuations.
Each year the council budgets how much money they require to continue providing their residents with:
- library services
- waste collection
- infrastructure such as roads, storm water, kerbs and footpaths
- parks and reserves
- aged care services
- health care services
The City then divides this amount by the total number of properties it covers, to reach a ‘rate in the dollar’ figure. The rates for each property are then calculated by applying the rate in the dollar against the value for each property.
There is more information about the calculation of rates available on The City of West Torrens website if you are interested in finding out more.
If you are considering purchasing an apartment as an owner occupier or investor and would like to find out more about URB4N Apartments, please contact Constantine Pappas on 0423 047 020 or email email@example.com.