Community Title Scheme parity factor

Brisbane City Council has introduced a parity factor for Community Titles Scheme (CTS) properties.

The calculation of the parity factor is based on the total unimproved land value of the CTS property, which is used to apply a loading to the general rates component of the bill.

Calculating the parity factor

The parity factor is based on the ratio of individual unit value to total land value. 

The parity factor = (Total calculation of Bands A - D + Unit Rateable Value) ÷ Unit Rateable Value 

Parity factor calculation

Parity factor calculation summary by band and rate factor.
BandTotal land value (rateable)Multiplied by rate factor 
AFor each dollar of rateable value of the land upon which a community titles scheme is constructed up to and including $2,250,0000.0000
BFor each dollar of rateable value of the land upon which a community titles scheme is constructed from $2,250,001 up to and including $6,000,000
 
0.00760
CFor each dollar of rateable value of the land upon which a community titles scheme is constructed from $6,000,001 up to and including $10,000,000
 
0.00970
DFor each dollar of rateable value of the land upon which a community titles scheme is constructed in excess of $10,000,0000.00225

Where the parity factor calculated exceeds five, the parity factor is deemed five.

The calculation table is also located in the Resolution of Rates and Charges.

Example

An example of a parity factor calculation:

Parent ARV = $20,000,000

Unit ARV = $200,000

Table summarising total land value, multiplied by rate factor, equals.
BandTotal land value (rateable)Multiplied by rate factor Equals
AUp to $2,250,0000.00000
B$2,250,001 to $6,000,000
 
0.00760$28,500
C$6,000,001 to $10,000,000
 
0.00970$38,800
DBalance of $10,000,0000.00225$22,500
Total of Bands A - D$89,800

The parity factor for this example is $89,800 plus the unit value of $200,000, divided by the unit value of $200,000 equals 1.4490.

More information

To find out more about Community Titles Scheme rating you can contact Council.

Last updated:3 May 2019