Rates and valuations
Rate Notices for the 2012/2013 financial year will be mailed out to all Yarra ratepayers in August 2012.
The collection of rates from property owners is Council's primary means of raising revenue to pay for its services. Rate payments are your investment in services and infrastructure for the Yarra community.
In 2012/2013, Council's budget provides for a total income of $142 million, of which 56% or $79 million comes from rates. The remaining income is to be raised from fees and charges, parking revenue, government grants and interest from investments.
In forming its annual budget, Council increased its total rate revenue by 5.9% compared to last year. Once supplementary income and interest is removed, this increase works out at 4.2% (or $56.96) for the average ratepayer.
However, this year is a revaluation year which means Council has reassessed the value of each property in Yarra. The revaluations will be used to determine the amount of rates that each property owner will be charged when rate notices are sent out this August.
The revaluations, of themselves, will not increase the total amount of rate revenue collected by Council but will instead reallocate each ratepayer’s contribution based on their property’s valuation. More information about the revaluations is provided in this media release.
Here is more information on:
How rates are calculated
How to pay your rates
Pensioner rates rebate
Overdue rates and payment arrangements
How property is valued
Change your details
Land Information Certificates
Manager - Finance
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