Business owners hit by rates hikes of 11 per cent after new valuations
The value of some commercial properties around Orange have risen by 20 per cent in a year – leading to the owners being hit with rates rises of 11 per cent.
Cameron Place Self Storage owner Dave Gray has been hit by a rates rise of $648 this year after his property value increased by $71,400 from 2015 to 2016.
Mr Gray said there was no justification for the increase when the cost of living was down to about two per cent.
“Any common person can’t justify that,” he said.
“If I jacked my prices up by 10 per cent I wouldn’t have a customer left.” [Read more from the Central Western Daily