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Consultation has concluded
This consultation has now closed. Thank you to everyone who participated. Contributions will be collated and presented to Council for consideration.
With the help of our rate payers, Council would like to find the fairest and most equitable way to introduce changes to the rate system.
At the February ordinal meeting, Council agreed in principle to move from Net Annual Value (NAV) to a Capital Improved Value (CAV) rating structure. While the NAV system reflects the annual rental value of a property, the incoming CIV structure will take into account a property’s market value of the land plus buildings and other improvements. A CIV structure also allows for differential rates to be applied to various categories of ratepayers as well as flat charges.
Property values used in calculating rates are determined annually by the Valuer-General Victoria, the state's independent authority on property valuations.
Any change in the rating system would be effective from 1 July 2019.
Many different scenarios have been modelled, and four scenarios are now under consideration. With the help of our ratepayers, we want to find the fairest and most equitable way to introduce the CIV system, which may include various types of rates and charges to meet the costs of our services.
To provide your feedback on your preferred option, please complete the survey below.