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Date: 15 Feb 2018
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Thousands of ACT apartment owners have signed a petition calling on the territory government to reverse the changes it made last year to the way rates are calculated.
Owners of units and apartments experienced huge increases to their rates bill last year, after ACT Treasury began calculating unit rates based on the land value, then dividing that total by the number of units, replacing the previous formula that divided the land value by the number of units, then calculated individual rates.