Rates Calculations

To ensure a fair rates system, several factors are considered when calculating what each ratepayer is required to pay for their annual rates.

Hume City Council uses the Capital Improved Value (CIV) to calculate rates. This method values the land and all improvements on the land.

In its annual budget, Council calculates how much income it will need to run the City and to provide the essential services and facilities for the year ahead.

This income is divided by the total combined value of all properties in Hume and is then known as the rate in the dollar, which for the 2019/20 financial year is $0.0033056.

Council calculates rates for each property by multiplying its value by the rate in the dollar. This is the Capital Improved Value (CIV).

For example, an owner of a property with a CIV of $500,000 will pay $1652.80 in rates. The calculation is: $500,000 x 0.0033056 = $1,652.80, excluding any extra waste service charges and state government fire services levy. This formula means that the higher the CIV of a property, the higher the rates for its owner.

The CIV is determined every year using a process governed by the Valuation of Land Act 1960 and carried out under the guidance and audit control of the Valuer General.

Are my rates subject to GST?

If you receive your rates notice directly from Council then it is exempt from GST.

It is possible however for tenants to be charged GST on their rates if charged by their registered landlord.


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Rates FAQs

Updated : 12:18 PM, 11 July 2019

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