Home' My Ballarat : My Ballarat July 2010 Contents City of Ballarat Community Magazine July 2010
City of Ballarat rates: what
you pay and why
As a ratepayer you are investing in the future of your city. Rates income is
essential for the delivery of services, projects and assets that make Ballarat
a great place to live and do business.
Across Victoria, councils have raised rates by an average of 6.1 per cent.
This year, Ballarat ratepayers will see a rate increase of 4 per cent.
In 2010/11 Council has met the dual challenge of balancing community
priorities with economic imperatives. This allows Council to focus on its
community's needs right now, while also building infrastructure to drive
growth and prosperity.
HOW ARE MY RATES CALCULATED?
There are a number of different ways in which rates are calculated. Council
uses the Capital Improved Value (CIV) method which takes into account the
total market value of the land, buildings and improvements. The formula
for calculating rates is: CIV x rate in the dollar. This excludes any additional
charges or arrears.
HOW IS THE VALUATION OF MY PROPERTY WORKED OUT?
A professional Valuer is contracted by Council to build a profile for each
different property type. This is based on recent sales and leasing data. This
information is then applied to individual properties, taking into account
the different characteristics of each property. Data is compiled on each
Ballarat property according to Valuation Best Practice guidelines. The
data includes things such as land area, building size, building condition,
construction material, age, available services, topography code, land usage
DOES THE SAME RATE APPLY TO ALL PROPERTIES?
Council applies different rates in the dollar for residential, commercial,
industrial, farm and recreational properties. For more information on these
different rates or categories please visit www.ballarat.vic.gov.au or call the
Valuation/Rates Hotline on 1300 137 370.
WILL THE VALUATION OF MY PROPERTY CHANGE?
The State Government requires all Victorian councils to conduct revaluations
of all properties in the municipality every two years to ensure rates reflect
current market trends. Rates for 2010/11 will be based on valuations as
at market levels on 1 January 2010. The next revaluation of properties will
be carried out in early 2012.
Increased property values do not increase the total amount of money a
council collects in rates -- it redistributes the amount of rates paid between
individual properties. Some ratepayers will pay more and some will pay less,
depending on the new value of their property relative to other properties
in the municipality.
WHAT IS A SUPPLEMENTARY VALUATION?
A supplementary valuation is carried out when changes are made to the
status of a property, i.e. when buildings are altered, erected or demolished
or when properties are amalgamated, subdivided, rezoned, affected by road
construction, or when portions are sold off. Supplementary valuations are
performed as required between revaluations.
CAN I OBJECT TO A VALUATION?
Yes. For more information please refer to the back of your Rate Notice or
call the Valuation/Rates Hotline on 1300 137 370.
WHY DO MY RATES INCLUDE A SERVICE CHARGE?
The Waste Management Service Charge covers both the weekly collection
and disposal of household waste and fortnightly collection and disposal of
recyclables. Residential properties that are provided with a waste removal
service will be charged a total of $166 per property in 2010/11.
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