Community Title Scheme parity factor

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

The calculation of the parity factor is based on the Average Rateable Value (ARV) of the CTS property, which is used to apply a loading to the general rates, bushland preservation levy and environmental management and compliance levy components of the bill.

Calculating the parity factor

The parity factor is based on the ratio of individual unit ARV to total land ARV.  The calculation of parity factor is:

The parity factor = (Total calculation of Bands A to D + Unit ARV) ÷ Unit ARV.

Parity factor calculation

Parity factor calculation summary by band and rate factor.
Band Total land ARV Multiplied by rate factor 
A For each dollar of the total land ARV of the land upon which a community titles scheme is constructed up to and including $2,250,000 0.0000
B For each dollar of the total land ARV of the land upon which a community titles scheme is constructed from $2,250,001 up to and including $6,000,000 0.00760
C For each dollar of the total land ARV of the land upon which a community titles scheme is constructed from $6,000,001 up to and including $10,000,000 0.00970
D For each dollar of the total land ARV of the land upon which a community titles scheme is constructed in excess of $10,000,000 0.00225

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:

Total land ARV = $20,000,000

Unit ARV = $200,000

Table summarising total land value, multiplied by rate factor, equals.
Band Total land value (rateable) Multiplied by rate factor  Equals
A Up to $2,250,000 0.0000 $0
B $2,250,001 to $6,000,000
 
0.00760 $28,500
C $6,000,001 to $10,000,000
 
0.00970 $38,800
D Balance of $10,000,000 0.00225 $22,500
  Total of Bands A to D   $89,800

The parity factor for this example is 1.4490. The calculation is shown below.

The parity factor = ($89,800 + $200,000) ÷ $200,000 = 1.4490

More information

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

Last updated:26 September 2019