“The ongoing annual impact of these changes is estimated to be $1 million per annum.
“This result may be offset, to some extent, by better than forecast residential growth, but this will need to be monitored throughout the second half of the financial year.”
A council spokesman said 37 existing rate assessments were reconfigured into 24 new rate assessments.
“The reclassified properties included residential, vacant land, primary production and mining land uses, while the resulting properties also include residential, vacant land, primary production and mining land uses,” he said.
“However, a significant section of prior mining land uses have been reclassified as primary production land uses.”