We raise funds for shopping precincts within our council area by charging a special property rate in addition to the general rates and charges.
What’s the purpose of the special rate?
The special rate raises funds to market and promote the precinct, business engagement and business development of the member businesses in Chapel Street, Glenferrie Road (Malvern), High Street (Armadale), Toorak Road (South Yarra) and Toorak Village (Toorak).
The following maps provide the details of which commercial properties are included in the special rate schemes for each of the shopping precincts concerned:
Who is 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?
Special rates aren’t indefinitely raised like general rates.
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 or notice sent?
No. We include the special rate on your annual rates notice.
You can pay the special rate either in four instalments or in full by 15 February, just like with general rates.