MEDIA RELEASE - 23 July 2025

Published on 23 July 2025

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2025/26 Financial Year Ad Valorem Rates

Following the Extraordinary Council Meeting held this morning, Wednesday 23 July 2025, Council resolved the following:

That Council..

  • Adopt the revised 2025-26 Operational Plan, noting the corrective adjustments, and
  • Adopt the revised 2025-26 Statement of Revenue Policy.

This resolution was made in response to a miscalculation identified in Councils permissible rate income, which resulted in discrepancies in the ad valorem amounts applied across rating categories.

The resolved corrective adjustments will result in a minor reduction to rates for all rateable assessments within the Oberon Local Government Area for the 2025/26 financial year. On average, ratepayers will see the following reductions from the originally endorsed ad valorems for the 2025/26FY:

  • Farmland $55.40
  • Residential $18.48
  • Rural Residential $27.96
  • Non-Urban $25.0
  • Business $30.60.

These adjustments represent less than 2% of Council’s total permissible income. No changes are proposed to the Operational Plan at this time, and progress reporting will continue through Council’s Quarterly Budget Review Statements (QBRS).

The newly resolved ad valorem rates are displayed in the following table:

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Oberon Council remains committed to transparency, accuracy, and compliance in its financial operations and appreciates the community’s understanding as this administrative correction is finalised.

 

Andrew McKibbin

Mayor

 

 

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