Rates across Hume are calculated annually based on the total amount of money required to provide and maintain essential services and infrastructure for the Hume community.
This income is then divided by the total combined value of all properties in Hume and is then known as the rate in the dollar, which for the 2025/26 financial year is $0.0022749
Capital Improved Value (CIV)
Council calculates rates for each property by multiplying its value by the rate in the dollar. This is the Capital Improved Value (CIV). The CIV is the total market value of the land plus buildings and any other improvements.
For example, an owner of a property with a CIV of $650,000 in 25/26 year will pay $1,478.60 in rates.
The calculation is:
- $650,000 x$0.0022749 = $1,478.60, excluding any extra waste service charges and state government levy (Emergency Services and Volunteers Fund).
This formula means that the higher the CIV of a property, the higher the rates for its owner. You can read more about how properties are valued below.