Monash Bulletin - 23 December 2008

Review Of Council Rating System

Monash City Council is conducting a review of the Monash rating system in order to achieve greater equity and transparency.

Most Victorian councils use CIV as their rating base with seven councils using NAV and Monash the only remaining council to still use SV.

A change in rating strategy does not affect the total amount of rate revenue raised by Council. Instead, it determines how the rate burden will be apportioned across all rateable properties.

Council will be exploring the advantages and disadvantages of the various differential rates options available under CIV and the positive and negative consequences of a change to the rating system from SV to CIV.

"We will be looking at our options for offering relief for ratepayers who are experiencing financial hardship and will consider providing a supplementary Municipal Rates Concession for eligible pensioners," said Cr Klisaris.

In recent years, Monash has consistently had the lowest average rates of metropolitan Melbourne and Council currently provides a number of initiatives to assist ratepayers in better manAgeing their financial obligations.

The new review process will also identify the information to be provided to the community to enable it to make an informed decision should the Council decide to make a change to the system of rates valuation.

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Published: 22 December 2008

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