In 2016, the Victorian Government introduced rate capping, a system that determines the amount a council can increase rates.
For 2023–2024 the State Government applied a rate cap of 3.5%.
To help fund our works and services program, a 3.5% increase has been applied to the 2023–24 budget.
If the total rate revenue collected in the 2022-2023 financial year was $10,000,000, the maximum that can be collected in 2023-2024 would be $10,350,000. That’s 3.5% more than the previous year.
The rate cap does not apply to:
Yes, they could. The rates you pay is impacted by any rate increase and your property’s Capital Improved Value:
Please note: A decrease in the market value of your property does not necessarily mean a reduction in your rates.
To learn more about rate capping, visit the Vic Councils website or watch the Victorian Government's 'Fair Go Rates System' video.