Rate Calculations

Rates are a critical source of income. Rates revenue allows us to provide key services and infrastructure. Rates account for over 55 percent of the total revenue received by the Council annually.

Councils across Victoria use property values as the basis for calculating how much you should pay in rates per year. Rates are calculated based on property value. Landholders with lower-valued properties pay less than owners of higher-valued properties pay.

How are my rates calculated?

The Differential Rating levels have been developed to ensure that the Council's rating system is as fair and equitable as possible in distributing the total rate assessment across all property owners or service consumers.

The general rate on your property is calculated by multiplying the Capital Improved Value (CIV) by the rate in the dollar that applies to your differential rating category. The CIV is determined by valuers from the office of the Valuer-General Victoria. Properties are allocated to a rating category based predominantly on the approved land use and zoning of the property under the Benalla Planning Scheme.

The formula for calculating rates is:

Capital Improved Value (CIV) x rate in the dollar = rate payable

Example

CIV of the residential property = $A

Rate in the dollar for residential properties = B cents

A x B = $Rates

Charges and rebates also impact the final amount payable.

Type or class of land

2016/17 cents/$CIV

2017/18 cents/$CIV

Change

Residential (Benalla) properties

0.005261

0.005366

2.0%

Residential (Rural Township) properties

0.004342

0.004429

2.0%

Business properties

0.006875

0.007013

2.0%

Vacant Land (Benalla) properties

0.009823

0.010019

2.0%

Vacant Land (Rural Township) properties

0.006319

0.006445

2.0%

Rural (Non Farming) properties

0.004154

0.004237

2.0%

Rural (Farmland) properties

0.000037

0.003774

2.0%

Cultural and Recreational properties

0.003969

0.004048

2.0%

 

If you would like to find out more about how your property is classified as one of these properties, visit our page on Differential Ratings.

For more information about how your rates are calculated, see this information from knowyourcouncil.vic.gov.au.