I have received a detailed letter from Mid-Western Regional Council in response to the letter sent to them about land rates increases for residents of Mudgee, despite being newly added to 'flood affected' zones.
RATEABLE VALUE INCREASE IN SPITE OF BEING IN A RECENTLY DECLARED FLOOD ZONE.
The letter confirms that it is the Valuer General who establishes the rateable land values.
The letter clearly states that "Council has no input or influence on the land values determined by the Valuer General."
So it looks like my next letter will be sent to the NSW Valuer General's Department.
FOLLOW UP OF THE FLOOD STUDY.
..."following the release of the Flood Study and feedback from the community consultation, at the August 2022 ordinary Council meeting Council agreed to review the flood study model. Consequently Council remains in STEP 1 of the process with the revised Flood Study now due to be completed early 2024. Steps 2 & 3 involve floodplain risk assessment and identification of works which can be undertaken to manage flood risk and their budgets. The costs of these flood risk mitigation works will likely be grant funded by the State Govt. (sic.)"
"Flood Study modelling is incredibly complex and takes a considerable time to undertake. The review of the Mudgee Flood Study modelling is due to be completed in early 2024. Once the modelling is complete the information will be made available and residents will be contacted, allowing you the opportunity to be involved in consultation before Council adopts the study."
Meanwhile, as my original post stated, my rateable value on my modest residential property has gone up 256 percent over three years.
INSURANCE COSTS.
Furthermore I am now hearing that people's insurances have skyrocketed.
One case, which I have not looked at in detail, appears to indicate an increase in insurance of $ 10,000 this year.
Insurance increases, of course, will be part of the increased financial stresses people are feeling at the moment - and insurance hikes because of being placed in a flood zone are price increases many people were not expecting, and did not budget for.
Please post below if your insurance costs have increased recently, because of your property being included in a flood zone, so that I can ascertain if this is a problem across the board, locally, or if it is not.
And please indicate the percentage rate of increase of your insurance costs, as a figure does not properly indicate the extent of the rise in costs. e.g. is $10,000 increase a 5 percent increase, or a 250% increase in insurance costs. Thanks in advance.
Maybe, as well as, no to businesses using surveillance stuff, we could also ask for yes to cash! All the rest looks absolutely fair. All levels of government are equally at sixes and sevens re disasters, mostly of their own making. The prices of real estate and mortgage rates and private rents have little correlation to the rest of the economy. All of the ageing homeless population growth, bank foreclosures due to repeated and unsubstantiated interest rate rises and finally unreal and fantastic private rent rises putting people and families on the street in unprecedented numbers. The slow moving fat cats at the top of all this need to wake up to their moral and ethical responsibilities.
I have received a detailed letter from Mid-Western Regional Council in response to the letter sent to them about land rates increases for residents of Mudgee, despite being newly added to 'flood affected' zones.
RATEABLE VALUE INCREASE IN SPITE OF BEING IN A RECENTLY DECLARED FLOOD ZONE.
The letter confirms that it is the Valuer General who establishes the rateable land values.
The letter clearly states that "Council has no input or influence on the land values determined by the Valuer General."
So it looks like my next letter will be sent to the NSW Valuer General's Department.
FOLLOW UP OF THE FLOOD STUDY.
..."following the release of the Flood Study and feedback from the community consultation, at the August 2022 ordinary Council meeting Council agreed to review the flood study model. Consequently Council remains in STEP 1 of the process with the revised Flood Study now due to be completed early 2024. Steps 2 & 3 involve floodplain risk assessment and identification of works which can be undertaken to manage flood risk and their budgets. The costs of these flood risk mitigation works will likely be grant funded by the State Govt. (sic.)"
"Flood Study modelling is incredibly complex and takes a considerable time to undertake. The review of the Mudgee Flood Study modelling is due to be completed in early 2024. Once the modelling is complete the information will be made available and residents will be contacted, allowing you the opportunity to be involved in consultation before Council adopts the study."
Meanwhile, as my original post stated, my rateable value on my modest residential property has gone up 256 percent over three years.
INSURANCE COSTS.
Furthermore I am now hearing that people's insurances have skyrocketed.
One case, which I have not looked at in detail, appears to indicate an increase in insurance of $ 10,000 this year.
Insurance increases, of course, will be part of the increased financial stresses people are feeling at the moment - and insurance hikes because of being placed in a flood zone are price increases many people were not expecting, and did not budget for.
Please post below if your insurance costs have increased recently, because of your property being included in a flood zone, so that I can ascertain if this is a problem across the board, locally, or if it is not.
And please indicate the percentage rate of increase of your insurance costs, as a figure does not properly indicate the extent of the rise in costs. e.g. is $10,000 increase a 5 percent increase, or a 250% increase in insurance costs. Thanks in advance.
Maybe, as well as, no to businesses using surveillance stuff, we could also ask for yes to cash! All the rest looks absolutely fair. All levels of government are equally at sixes and sevens re disasters, mostly of their own making. The prices of real estate and mortgage rates and private rents have little correlation to the rest of the economy. All of the ageing homeless population growth, bank foreclosures due to repeated and unsubstantiated interest rate rises and finally unreal and fantastic private rent rises putting people and families on the street in unprecedented numbers. The slow moving fat cats at the top of all this need to wake up to their moral and ethical responsibilities.
Great idea. A listing of all businesses encouraging cash. Thanks