Rockhampton CBD Commercial & Residential Rates Concession
To encourage inner city residential living and reduce vacancies in the Rockhampton CBD, Council has introduced a rates concession for properties with a commercial and residential mixed use and within the defined CBD area.
Council will consider granting a concession of up to $2,000 per annum for properties within the defined CBD area that are rated in Category 1 (commercial/light industry) and have a mixed use of commercial and residential. The concession is primarily intended to facilitate the adaptation of vacant commercial spaces, particularly above ground floor, to residential use. The actual concession amount will be $2,000 or a maximum of 75% of the general rate whichever is the lesser.
To be eligible for the concession a completed CBD Commercial Property Rates Concession Application Form(PDF, 126KB) must be submitted and will be subject to approval by Council.
Applications for concessions will be considered during the rating period (i.e. half year). Applications received after the date of levy will be considered only from the commencement date of the current rating period (concessions are not applied retrospectively).
To learn more about the Rockhampton CBD Commercial Properties with Mixed Residential Use rates concession view Council’s Rates Concession Policy(PDF, 369KB) or contact Advance Rockhampton on 4932 9000 or 1300 22 55 77 or email at email@example.com.