What is rates notice

If you are a landlord, your rates notice may have been sent to your real estate agent. If you have registered to have your notices emailed to you via eNotices, check your inbox by searching noreply formsport.

If you have bought a new house, the rates may have been paid at settlement. Request a Copy of a Rate Notice Ratepayers may request a copy of a rate notice by completing the form via the link below. As the majority of properties are sold as improved properties, it is generally easier to compare sales of similar improved properties in the market place with the Capital Improved Value CIV of a property.

It is important to note, that when considering market sales evidence, that sales must be as close as possible to the market value date and not at the time the rates notice is issued, as the property market changes over time subject to market forces upward and downward. Municipal and Waste Management charges are also added to give a final figure. This charge is applied to each rateable property to allow recovery of part of the administrative costs of operating the Council.

Administrative programs such as finance, asset management, information systems, corporate records, human re sources and governance will be supported by this revenue. In certain circumstances, valuations must be determined between general revaluations.

When any of the above situations arise, a supplementary valuation will be undertaken for the property to bring the valuation of the property in line with the general valuation of other properties in the Municipality. To see whether this concession has been applied, check for the 'stamp' on the front page of your annual rates notice.

Fixed by Victorian Government legislation to be 5 per cent of the CIV for residential and rural properties. It does not refer to the zoning of the property or how your rates are calculated. More info: Property valuations. This system means your rates will be calculated differently according to the type of property you own , such as residential, commercial and industrial, and vacant or unoccupied land. These categories are the fairest way to determine the rates contribution to be made by owners of different property classes.

For example, the Urban Residential rate is a higher rate in the dollar to reflect the greater number of services and facilities in the area, and the higher cost of providing them. Different rate-in-the-dollar apply to different types of property. Council does not keep this money, it is passed on to the Victorian Government. If you think you will have trouble paying on time, please contact us as soon as possible and we'll help you work out an alternate arrangement.

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