The objectives of this policy are to ensure that:
- All ratepayers within a specific category are treated equally and reasonably;
- Rates are levied in accordance with the market value of the property;
- The rate will be based on the value of all rateable property and the amount required by Council to fund expenditure of rates related services reflected in the operational budget, taking into account any surpluses generated from Council services and the amounts required to finance exemptions, reductions and rebates that the municipality may approve from time to time;
- To optimally safeguard the income base of the municipality by only approving exemptions, reductions and rebates that is reasonable and affordable.