Rate Overpayment

Thought you might find this story interesting? Broken Hill Council have been ordered by the Court to repay a single ratepayer $7,000,000 in overpaid rates. It seems that the Council have been in dispute with their biggest ratepayer, Perilya mining, over the value of the land that it uses to mine lead, zinc and silver. The result being that after another court decision to determine the correct value  of the land ($4.9 mil and not $21mil) the above amount has been over paid. This has occurred between 2007 ans 2010. The result could well be that other Broken Hill rate payers will see a rise of 50% in their rates in one year.