About your rates

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Why are rates collected?

Each council collects rates from residents and businesses in its municipality to help fund local infrastructure and services. Councils use property values as the basis for distributing the rating burden across the municipality.

Calculating the amount that each property owner has to pay in ratesinvolves determining the total amount of rate revenue and dividing this across the total value of all rateable properties to establish a rate in the dollar.

The rate in the dollar is then applied against each individual property value to calculate how much each property owner pays. 

The Victorian legislation that enables councils to levy rates and charges is the Local Government Act 1989.

Indigo Shire is one of the lowest rating small, rural shires in the North East of Victoria. The average rates per assessment for Indigo Shire residents is below the average for small shire councils, the majority of surrounding shires and the overall state average per assessment.

Your rates contribute to nearly half of Council's overall budget, which also includes government contributions, fees and charges.

Documents

Rates - Frequently Asked Questions(PDF, 126KB)

When do I need to pay my rates?

Council rates are payable in four instalments. Instalment notices will be issued at least 14 days before each instalment is due. You can pay any or all instalments in advance of their due dates.

If electing to pay by instalments, your first payment (as shown on your rates notice) must be paid by 30 September.  A reminder notice will be sent before each instalment due date.

The due dates for the 2018/19 year are:

31 October 2018

Instalment 1

15 December 2018

Instalment 2

28 February 2019

Instalment 3

31 May 2019

Instalment 4

How are rates calculated?

Each rateable property pays a standard municipal charge that contributes to the running costs of Council. In addition rateable properties also pay a variable rates component that is calculated for each individual property.

A property’s variable rates are calculated by multiplying the valuation of the property by the rate in the dollar. For example, if the Capital Improved Value of a property is $250,000 and the council rate in the dollar is set at 0.0042 cents, the rate bill would be $1050 ($250,000 x 0.0042).

Your rate notice will provide specific details on how your rates are calculated.

Differential rates

Differential rates are where councils set different rates in the dollar for different categories of rateable land. Councils are able to levy either a uniform rate across all properties, or one or more differential rates. The council may, for example, have differential rates for farmland, various categories of residential property or commercial/industrial properties – each paying a higher or lower rate in the dollar.

Documents

Indigo Shire's Rating Strategy(PDF, 758KB)