Rates notices explained
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Definitions and explanation of what you see in your rates notice.
Capital Improved Value (CIV)
Your property's value including site value (land), buildings and other improvements.
Rate-in-the-dollar
This is calculated by dividing the total rates we need for the financial year by the total value of all rateable properties in Cardinia Shire.
Victorian Government charges
These include the Victorian Government's Fire Services Property Levy, a levy to fund fire services in Victoria.
Rubbish and recycling service charges
Every property with a dwelling pays to have bins collected. This service is compulsory.
The total cost depends on:
- garbage bin size – 120 or 80 litres
- the (optional) green waste bin
- any additional bin services.
Pensioner concession
If a concession has been applied to your rates there is a 'stamp' on the front of your annual rates notice. You can apply for a concession discount if you hold a Pensioner Concession Card or Department of Veterans' Affairs Gold Card. Go to rates concessions and rebates.
Net Annual Value (NAV)
Fixed by Victorian Government legislation to be 5 per cent of the CIV for residential and farmland properties. For commercial or industrial properties it is the estimated annual market rent and cannot be less than 5% of the CIV.
We don’t currently use this value to calculate your rates (we use the CIV). Some agencies use this value to calculate their charges.
Site value
The SV is the value of the land only. It does not include any improvements (such as buildings).
Land Use Classification (AVPCC)
Your property is given an Australian Valuation Property Classification Code (AVPCC) based on the use of your land.
The code is used to calculate the Fire Services Property Levy amount payable (a Victorian Government charge).
It does not refer to the zoning of the property or how your rates are calculated.
Find out more about property valuations.
Differential rating system
Your rates are calculated differently according to the type of property you own – residential, commercial and industrial, and vacant or unoccupied land etc.
These is the fairest way to determine owners’ rates contributions.
For example, the Urban Residential rate is a higher rate in the dollar than urban fam land. This reflects the greater number of services and facilities in the area, and the higher cost of providing them.
Find out how your rates are calculated.