How does rate capping affect my rates?
Rate capping was introduced by the Victorian Government in 2015. 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 capped rise amount.
In 2021-22 the cap has been set at 1.5%, however the cap applies to Council’s overall rates income, not individual assessments.