Ibis Rate Modelling

 

Rate Modelling functionality

Valuation Analysis allows Council to understand the underlying movements in valuations after each revaluation. Councillors are able to understand the effects that new or adopted valuations will have before they do any revenue Modelling. It allows the council to see the effects by Classification, sub market Groups, wards, townships and locality.

 

Rate Modelling functionality gives the ability to review unlimited model options. It provides an easy way to help new councillors to understand previous rating issues and, based on sound data enables them to quickly determine the best rating options for the Council.

Personnel are able to focus their time on analysis of models rather than spending days on data preparation as the system generates a range of standard formatted reports for presentation purposes. Traditional methods of data preparation in spread sheets is time consuming & not always accurate, many model scenarios are not even trialled. With the Rate Modelling product they can have total confidence in the data being presented to the Council.

Valuation Analysis & Revenue Forecast modelling enables the council to:

  • Produce multiple scenarios and compare them side by side
  • Compare different options at the global level or for selected sample groups
  • Understand where the hot spots are, so they can quickly focus on them using the drill down functionability of the model
    Make decisions on such things as rebates, discounts, pensioners and municipal charges
  • Enable Council to maximise revenue opportunities, whilst endeavouring to minimise the negative impacts
  • Powerful analytical features that are simple to use and enables drill down to assessment level

Challenges facing Council’s today

• Determination of Revenue income
• Forecast impact on rate payers
• Concerns with data integrity
• Enormous effort to extract data
• Rely heavily on information from valuers
• Onerous task to trial different scenarios

 

Applications outputs enable Council to view

  • Consolidation of different model scenarios
  • The results graphically on GIS
  • Snap shot analysis of each model for review
  • Extensive graphs and reporting in all summary screens
  • Generate property lists for mail merge, GIS & Excel

Ibis Rate Modelling & Valuation Analysis Solution

Valuation Analysis allows Council to understand the underlying movements in valuations after each revaluation. Councillors are able to understand the effects that new or adopted valuations will have before you do any revenue modelling. It allows you to see the effects by classification, sub market groups, wards, townships and locality.

Valuation Analysis & Revenue Forecast modelling enables you to

  • Produce multiple scenarios and compares them side by side
    Compare different options at the global level or for selected sample groups
  • Understand where the hot spots are, so you can quickly focus on them using the drill down function ability of the model
  • Make decisions on such things as rebates, discounts, pensioners, municipal charges
  • Enable Council to maximise revenue opportunities, whilst endeavouring to minimise the negative impacts
  • Powerful analytical features that are simple to use and enable you to drill down to assessment level

 

The VARF System facilitates

• Unlimited multiple models
• Unlimited property analysis codes
• Unlimited charge options
• Multiple rate calculation options
• Automatic differential calculations
• Two dimensional customised $ and % range
• Analysis options for both rates and valuations
• Unlimited adjustments & capping
• Unlimited minimum charge & discounts
• Rebate analysis
• Multi tiered rating
• Valuation averaging

Benefits offered by the VARF solution

• Enormous time savings
• Control of analysis & forecasting
• Confidence in Data integrity
• Data cleansing
• Maximise revenue opportunities
• Avoid potential disasters
• Community enlightenment

 

The application interfaces to most Local Government packages e.g. Ibis, Proclaim, GEAC pathways, Fujitsu, Civica, Property Wise and AUSSOFT Community 2000

The product is now implemented in most states in Australia which has contributed further to the functionality and flexibility of the system and it is used by Council’s ranging from 200,000 assessments to under 5,000 assessments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

© Copy Right 2008 Ibis Information Systems Pty.Ltd Ph (03) 9870 5177 Fax (03) 9870 6177 A.B.N.31 086 318 818 Suite 10 45 Ringwood St Ringwood Vic 3134 P.O. Box 5056, Wonga Park Vic. 3115.