Proposed Change to System for Valuing Land and Calculation of Rates to CIV

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Council at its meeting on 6 October 2009 resolved to change to Capital Improved Value (CIV) as the basis for charging rates for all rateable properties and to apply a differential rate (1.25 times the general rate) for Commercial and Industrial properties. The residential rate will be a lesser rate than the general rate to take effect for the financial year beginning 1 July 2010. The formal public consultation process will commence on the Rating Strategy change in accordance with S223 of the Local Government Act 1989.

Further information on the proposed change to CIV is available on Council's "Have Your Say"

Written submissions pursuant to Section 157 of the Act, and requests for verbal submissions, including name and contact details, on the proposed change must reach Council by 5.00 pm on Friday, 6 November 2009. Email submissions can be made by downloading and completing a form at "Have Your Say".

All written submissions should be addressed to the

Chief Executive Officer
Monash City Council
PO Box 1
Glen Waverley 3150

A Committee of Council will consider any verbal or written submissions, at a meeting to be held at 7.30pm on Tuesday, 24 November 2009 at the Civic Centre and Council will give public notice of its decision in accordance with Section 157 of the Act.

Enquiries can be directed to Danny Wain, Manager Financial Services on 9518 3638.

Carolyn McClean
A/Chief Executive Officer

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Published: 7 October 2009

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Proposed Change to System for Valuing Land and Calculation of Rates to CIV

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