Photos
Medical clinic
New four-bedroom + study house
Four storey block with 12 units
Three-bedroom house
Monash Rates Review
HAVE YOUR SAY - Rates Review
Rates and Valuations
Hotline Service Available To Monash Ratepayers
22 July 2009
Council has set up a Rates Information Hotline to respond to questions from residents that will aid their understanding of the changes being considered under the Rating Strategy Review.
Rates are currently calculated based on the Site Value (SV) or land value only of the property.
The Review is considering three options which include: retaining Site Value, a change to Capital Improved Value (CIV), which would base rates on the total value of the property including all land, buildings and improvements and a third option, CIV with Differentials (150% of CIV), which would allow for a higher rate charge for commercial and industrial properties.
The Review is also considering the option to include a pension subsidy for eligible pensioners of either $50 or $100. This option is in addition to the State Government Rebate currently offered to eligible pensioners to further assist them in the payment if their rates.
Deputy Mayor, Charlotte Baines said that Council is considering these options to ensure a fair rating system for all ratepayers.
"We would like to invite anyone who has any questions about the Rates Review process to attend one of the information sessions planned for next month or call the Hotline for more information," said Cr Baines.
Monash's average rates per assessment are the lowest in metropolitan Melbourne and the third lowest in Victoria. Any change in the way rates are calculated will not change the total amount of rates collected. Any proposed change, is planned to take effect from the 2010/11 rating year.
Monash ratepayers have been sent a
brochure with their Rate Notice further explaining the Rating Strategy Review. Ratepayers can also express their opinion about the review by writing to Council at:
- PO Box 1, Glen Waverley, VIC 3150 or
- email: RatingReview@monash.vic.gov.au
All submissions from the public MUST include the submitters name and address.
Subject to the outcome of the information sessions and community consultation in August, a formal process for consultation may follow in October if Council decides to make a change to the rating system.
Call theRates Info Hotline on 1 300 538 892 or for further information, visit Monash Rates Review
To better understand how the changes may affect you, below are FOUR IDENTICAL BLOCKS of 800 sq/m land.
- Medical clinic with high income
SV value $354,000 CIV value $1,000,000
Rates SV $1,001
Rates CIV $1,771
Rates CIV + Diff (150%) $2,657 - New four-bedroom + study house
SV value $354,000 CIV value $700,000
Rates SV $1,001
Rates CIV $1,240
Rates CIV + Diff (150%) $1,123 - Four storey block with 12 units
SV value $354,000 CIV value $250,000 per unit
Rates per unit SV $83
Rates per unit CIV $443
Rates per unit CIV + Diff (150%) $401 - Three-bedroom house
SV value $354,000 CIV value $500,000
Rates SV $1,001
Rates CIV $885
Rates CIV + Diff (150%) $802
Published: 22 July 2009
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