How your rates are calculated

  • To see how rates for your property are calculated, refer to the 'post-it' note on the front of your 2017–18 rates notice – it shows how the rates on your specific property are calculated.
  • The four rates instalment amounts shown on the front of the rates notice equal the annual total due for 2017–18.

Like most councils in Victoria, we use a property's Capital Improved Value (CIV) to calculate rates. This is the property’s value including site value (land), buildings and other improvements. For more info go to the 'Property valuations' page

When drafting the budget for the financial year, we calculate how much income we need to provide essential services and facilities for that year. This income is divided by the total CIV of all properties in the shire and is then known as the 'rate in the dollar'.

Each property class (see table below) has a different rate in the dollar. Rates are then calculated for each property by multiplying its CIV by the rate in the dollar.

Rates-in-the-dollar for 2017–18
Levy Rate in CIV ($)  Description
Urban rate 0.003637 Land with a dwelling in the Urban Growth Corridor except in  Lakeside Estate. 
Urban commercial and industrial 0.004976 Commercial, retail and industrial properties in the Urban Growth Corridor. 
Lakeside residential 0.003706 Land with a dwelling in Lakeside Estate. 
Lakeside vacant land 0.007995 Vacant residential land in Lakeside Estate. 
Urban agricultural land 0.002916 Farms of 40 or more hectares in the urban growth corridor. 
Urban vacant land 0.007892 Vacant residential land in the urban growth corridor and not in Lakeside Estate
Agricultural land  0.002573 Farms of 40 or more hectares outside the urban growth corridor. 
Base rate  0.003431 All properties that do not fit into any of the types above. 

 

Capital Improved Value (CIV) of your property
x rate in dollar
= Council charges
+ 
Victorian Government charges 
+  
waste charges
+ or –
any credit or arrears
–
Pensioner or DVA concession
= 
Annual total due

 

 

The owner of a property with a CIV of $400,000 in the Urban Rate category (0.003637) will pay $1,454.80 in rates.

The calculation is:

$400,000 x 0.003637 = $1,454.80 (excluding extra waste service charges).