Figures in the budget for 2019-20, presented at Monday night's council meeting, indicated the average property would incur rates of $661 in the coming financial year.

That figure grew to $680 for property owners in Blayney and Carcoar, and $679 in Millthorpe, where residents had previously paid higher rates than other property owners.

However, the ad valorem for Millthorpe - the figure which determines rates in relation to property value, which is added to the base rate - was reduced to bring their rates in line with the rest of the shire.

Councillor Bruce Reynolds said the "very positive" outcome was the result of a lot of number crunching and hard work.

"One of the major outcomes this document delivers is it brings equity to different towns and villages across the shire, and brings the rates together so everyone is bearing a fair share of the rate burden, and that one community is not paying far more than another community," Cr Reynolds said.

"As you can see, the average rates is only a few dollars different between the highest and the lowest.

"It takes a lot of work to come up with a solution."

Rates across the shire were increased as the council's operating plan for the next financial year was passed, with residential rates for all properties now set at the base rate of $325.

The final figures were the product of a 2.7 per cent indexed rise, which will pour $233,000 into council coffers between July this year and the end of June 2020.

Base rates for businesses were increased to the same residential figure, with businesses in Blayney, Carcoar and Millthorpe forking out an average of $1245 a year, and all others $986.

Farmland was increased by less than the average increase, rising by 1.7 per cent to an average rate of $2934.

"We've looked after agriculture as well, we've looked after agriculture with the drought conditions we've encountered," Cr Reynolds said at the meeting.