The value of your property - in comparison to other properties in Monash - helps determine how much you pay in rates. The State Governments - Valuer General Victoria (VGV) is responsible for producing valuations used by Councils’ and other Rating and Taxation authorities.
To calculate your rates, independent valuers work out the Capital Improved Value (CIV) of your property. From 1 July 2019, the Capital Improved Value of all properties in Victoria is re-assessed annually. The most recent valuation occurred in January 2025. Here is more information about:
To determine the amount you pay in rates, your property's CIV is then multiplied by the 'rate in the dollar'. The 'rate in the dollar' is calculated by dividing the total amount Council intends to raise in rate revenue ($152.043 million in 2025/26) by the total value (CIV) of all rateable properties in Monash.
How are your rates calculated?
Rates calculation brochure: Understanding Your Rates and Valuations(PDF, 739KB)
Differential rates
In 2025/26, Council has again applied a different rate in the dollar for residential properties as compared to non-residential properties (for example, industrial and commercial properties). A different rate in the dollar was also applied in 2024/25.
The difference in rating levels is aimed at fixing an unfair situation whereby residential property owners had been contributing a larger proportion of rates revenue than industrial/commercial ratepayers. This was due to residential properties increasing in value at a greater rate above the value of commercial and industrial properties.
Even with the different rating levels, businesses in Monash are still paying significantly less in rates than businesses in other nearby municipalities.
The rate in the dollar for the 2025/26 year is: 0.00144863 (for residential properties) and 0.00149537 (for non-residential properties).
- Residential example:
Ms Smith's home was valued at $1,000,000
$1,000,000 (CIV) x 0.00144863
(residential rate in the dollar)
Rates Bill = $1,448.60
- Non-residential example:
Company x's premises was valued at $1,000,000
$1,000,000 (CIV) x 0.00149537
(non-residential rate in the dollar)
Rates Bill = $1,495.35
Recycling and Waste Charge
In addition, Council (as part of its budget considerations), has continued with the Recycling and Waste Charge of $65 on all rateable properties. This charge was introduced in 2018/19, to meet the increased recycling and waste disposal costs imposed on Council as a result of the recycling crisis and State Government Waste Levy increases. All eligible pensioners will continue to receive a Council rebate of $65 to offset this additional charge.
Emergency Services and Volunteers Fund
On your rates notice, you will also see that you have been levied for the Emergency Services and Volunteers Fund (ESVF).
This is a State Government levy which is used to fund Victoria’s emergency services and fire services. Council has no role to play in the setting of this levy and does not receive any revenue from the collection of this levy.
More information