How does rate capping affect my rates?
Rate capping was introduced by the Victorian Government in 2016. The rate cap limits the total amount a council can increase its rates each year based on the amount it levied in the previous year.
The rate cap applies to a council’s total revenue and not individual properties. In many cases an individual rate bill may increase or decrease by more (or less) than the cap amount.
This year, Council has adopted the rate cap of 3.5 per cent set by the Victorian Government. This means that total rates revenue will increase by this amount. Individual property rate changes will vary and may be higher or lower than the rate cap depending on property valuation movements and changes to rating differentials. The cap applies to Council’s overall rates income, not individual assessments.
The Rate Cap does not apply to waste charges or the Fire Services Property Levy.
For more details on property valuations
For details on rate capping visit Local Government Victoria – Fair Go Rates.