Media release - 2025/26 Financial Year Ad Valorem Rates

July 24, 2025
Updated July 28, 2025

Oberon Council has issued the following media release:

July 23, 2025

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:

Classification	General Rate Ad Val	Base rate
Farmland	0.00165964	372.00
Residential	0.00311118	351.00
Rural Residential	0.00216731	357.00
Non-Urban	0.00209835	435.00
Business	0.00523976	444.00

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

You can see the agenda for the meeting here (77 pages)

See the recording of the meeting here (15:38)

The minutes of the meeting can be seen here