RABY Bay Ratepayers Association's George Harris, who is also convenor of Redland Rate Reform Group, said the reduction in overall rates for Raby Bay was a "temporary reprieve" based on "rubbery figures".
Mr Harris claimed Raby Bay ratepayers were hit with a double whammy.
On a typical Raby Bay waterfront property valued at $870,000, the overall increase in rates and levies will be $174. That includes an increase in the general rate for that property from $2514 to $3210, bumping up the total bill from $4721 to $4895.
"We've had a rise in the rate-in-the-dollar levied on our higher property valuations, that soared after the State Government switched to the site valuation method," Mr Harris said.
"We've been saying for years the canal charge should not be paid for by the Raby Bay residents who are already paying higher rates because we live on waterfront blocks.
"The council is dropping the special canal charge of $1903, but introducing a Tidal Works Special Charge of $1378 and increasing general rates from $2514 to $3210 just to get a similar revenue to what they made last year. This is just rubbery figures."
Mr Harris called for an overhaul of the rating system so that all properties of the same value paid the same amount no matter where they were in the city or what services they received.