Water Rates are the level of rates that landowners must pay in conjunction to their water usage. They are commonly quarterly billed.

They are needed when you settle, as the rates are adjusted between the vendor and purchaser upon settlement. They are adjusted so that the vendor pays the rates up until the day of settlement and the purchaser is only liable from then until the end of the quarter. The same principles apply to these rates as they do for council rates.

The Rate Search through triSearch includes:

• When the meter was last read
• The vendors daily average in kilolitres
• The dollar amount per kilolitre

You can find out more about the Queensland rates by going to the Brisbane City Council website.