|
|
Page Last Updated:
Thursday, 2 July 2009 |
|
|
Home>Rates and Valuations
| Rating Structure | | Council has established a rating structure comprised of two key elements:
1. The property values component reflecting the capacity to pay; and
2. The user pays component reflecting the usage of services provided by Council.
The existing rating structure comprises four (4) different rating categories (residential,commercial/industrial,dryland and farm).
For 2009/10 the commercial/industrial rate is set at 110% of the residential rate and the dryland rate is set at 80% of the residential rate. The farm rate is set the same as the residential rate.
| |
| Property Valuations | | Property valuations are determined by Council's Contract Valuer and are used to calculate the rates to be levied.
The valuation shown on your current rate notice is based on levels at 1 January 2008. The State Government now requires every Victorian local Council to undertake a revaluation of all rateable land every two years. The next revaluation will be based on levels at 1 January 2010.
| |
| What Method of Valuation does Council Use? | | Council adopts the Capital Improved Value (CIV) method to determine the rates. The CIV reflects the market value of the land and improvements excluding chattels, fixtures and fittings.
Please note that Site Value is included in the CIV.
| |
| How Are My Rates Calculated? | | The Capital Improved Value (CIV) is multiplied by the rate set by Council. For 2009/10 the General Rate (Residential Rate) is 0.4667 cents in every $1 of the CIV.
For example, if the CIV of a residential property is $180,000 the rates are calculated as follows:
$180,000 x 0.004667 = $840.05
For 2009/10 the differential rate for commercial and industrial properties is set at 0.5134 cents in the dollar and dryland farms is set at 0.3734 cents in the dollar. The rate for farm land is 0.4667 cents in the dollar, the same as the residential rate.
If you believe that your property is farmland in accordance with the Valuation of Land Act 1960 and is not rated as a farm, please contact the Rates Coordinator.
| |
| Why Do I Pay A Garbage Charge? | | The garbage charge is charged for the collection of waste and recyclables from your property and its disposal and/or treatment. In the case of domestic garbage, the charge is made up of two components: the first covers the contract cost of actual collection of the waste; the second covers its disposal at Council's refuse disposal site.
The charge applies to each residential property (other than vacant land) within all the townships throughout the Shire regardless of whether or not the service is used. The charge is based on the number of bins at each property.
Please note that GST applies to any service supplied to commercial / industrial premises.
| |
| Garbage Charges for 2009/2010 |
| Total |
Service |
Waste |
Recycling |
|---|
| $255 |
120L / 240L |
$181 |
$74 |
| $365 |
240L / 240L |
$291 |
$74 |
| |
|
|
| What is a Supplementary Valuation? | |
A supplementary valuation is an update of the valuation following any significant change to the property that alters its value. A supplementary rate notice can be sent at any time throughout the year.
| |
| |
|