How to calculate my rates and charges

In the City of Stonnington, we conduct a revaluation of properties every two years with the most recent revaluation base-date of January 2016. These valuations have been used for calculating the 2016/2017 Council rates.

Council's valuers are required to assess three bases of value on all rateable properties within the municipality. Council uses the Capital Improved Value (CIV) as its basis for calculating general rates. The CIV is the value of the land and any improvements on the land. It is the sum that the property would be likely to realise at the time of valuation, if offered for sale.

General rates in the City of Stonnington are calculated by multiplying the CIV by the rate in the dollar. The rate in the dollar for the 2016/17 financial year is 0.001077.

Example

$800,000 (Capital Improved Value) × 0.001077 (rate in the dollar) = $ 861.60 (general rates)

Waste Charges

The applicable garbage charge is added to the General Rate which depends on the size of your garbage bin. A garbage charge applies to all properties with the exception of vacant land.

The annual minimum garbage charge for the 2016/17 financial year is $240.00.

The annual minimum garden waste charge for the 2016/2017 financial year is $94.00

Fire Services Property Levy

From July 2013 the State Government’s Fire Services Property Levy has been shown on Council rate notices. Council will collect the levy on behalf of the State Government to contribute to the cost of operating the Metropolitan Fire Brigade. This replaces the levy previously funded through insurance premiums. Funds collected through this levy are not retained by Council and are directed to the State Government. For further information on the Fire Services Property Levy visit www.firelevy.vic.gov.au/.