What is a special rate?
A special rate is a rate raised in addition to the general rates and charges under the provisions of section 163 of the Local Government 1989. It is a property-related debt, the same as a general rate.
What is the purpose of the special rate?
To raise funds for the marketing and promotion of the precinct, business engagement and business development of the member businesses in the Shopping Precinct (Precinct).
Who will be charged the special rate?
Properties that are in the special rate geographic region and have a commercial or industrial Australian Property and Valuation Council Code (AVPCC) residential properties are not charged a special rate.
How long does the current special rate last?
The declared special rate is effective from 1 July 2019 until 30 June 2023.
How much do I pay?
The basis for calculation is the declared special rate in the dollar (different to the general rate) by the Capital Improved Value (CIV) of the property, unless a minimum or maximum cap applies. The benefit levels, maximums and minimums vary between schemes. For further information contact the Stonnington Rate Department.
Will there be a separate account sent?
No. The special rates will be included on your annual rates notice. You can pay the rates and special rates either in four instalments or in full by 15 February.
What properties are included in the Special Rate Scheme?
The following geographic maps provide the details of which commercial properties are included in the special rate schemes for each of the shopping precincts concerned:
What happens with the money collected?
The council collects the special rate and the forwards the money to the Shopping Precinct Associations to facilitate projects and activities to promote their precincts in line with strategic Plans and yearly action plans that they have submitted to Council. The funds are provided under a funding agreement with the Association that outlines what the funds can be spent on.
View contact information for the business associations.