Property Values and Rates
Understanding your 2019-20 rates
Council has complied with the Victorian Government’s rates cap of 2.5 per cent. The cap applies to the average annual increase of rates and charges. Your rate notice may also include rates and charges not covered by the Victorian Government’s rate cap, such as the waste service charge.
The amount you pay for your rates depends on the value of your property.
The Valuer-General Victoria is now responsible for all valuations and provides an annual valuation of your property to Council. This is required by state legislation and allows us to determine the rates and charges for individual properties.
This valuation doesn't increase or decrease revenue for Council, but is used to make sure that rates' amounts remain fair over time and reflect property values.
It is important to note that a decrease in your property valuation will not necessarily result in a decrease in your rates bill.
Your rates valuation explained
The Valuer-General Victoria is responsible for valuations which are used to calculate your yearly rates total.
These valuations are now undertaken annually to more accurately reflect changes to your property values. Prior to 2019, valuations were completed every two years.
Valuations are effective as of the 1 January each year - in accordance with the Valuation of Land Act 1960 legislation and the Valuation Best Practice Specifications legislation.
Why has the rates valuation process changed?
For transparency and efficiency, the Valuer-General Victoria is now responsible for valuations rather than local council. All states and territories now have the same statutory valuation authority responsible for delivering rating and taxation valuations.
Why are valuations now done annually?
Annual valuations, rather than biennial valuations, are expected to improve transparency and accuracy in the distribution of rates. The move to annual valuations aims to ensure consistency with any changes in valuations on your rates notice and Land tax valuations.
Why have my rates have increased?
Rates may have increased for various reasons, such as:
If you want to make an enquiry regarding your rates payments please contact Council on 8571 1000.