Understanding Your Rates Notice: A Guide

Rates Notice

THERE’S a sad day each year when home owners are delivered what might be their most misunderstood bill – the council rates notice.

Council rates are calculated using your property’s valuation and a rate in the dollar your council has budgeted as your contribution. Statewide (Victoria), the average rates bill for all properties -residential, commercial, industrial or farming – was $1135 two years ago.

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